During the quarter, the REIT manager signed a total of 83,588 sq ft of new leases with tenants, down from the 196,615 sq ft of new leases signed in the previous quarter.
In its interim business update for the 3QFY2022 ended Sept 30, Sabana REIT reported a total portfolio occupancy of 89.1%, up by 0.9 percentage points q-o-q. This is also a new high for the REIT since 3QFY2017.
Excluding 1 Tuas Avenue 4, which is currently undergoing asset enhancement initiatives (AEIs), the REIT’s total occupancy would have stood at 92.2%.
