For the period, the REIT reported a long weighted average lease expiry (WALE) of 7.4 years by net lettable area (NLA), and 4.7 years by gross rental income (GRI).
Lendlease Global Commercial REIT (LREIT) has reported a positive retail rental reversion of 11.4% in its latest update for 1QFY2025 ended Sept 30.
Its portfolio committed occupancy remained high at 89.5%% in 1QFY2025, up from 89.1% in the same period last year. This came on the back of new leases committed for Building 3 of the REIT’s Sky Complex.
