Rental reversion for FY2022 is expected to be in the positive mid single-digit range, the manager adds in its business update.
The manager of CapitaLand Ascendas REIT (CLAR) has reported portfolio occupancy of 94.5% for the 3QFY2022 ended September.
The average portfolio rent reversion of leases renewed in 3QFY2022 and year-to-date was 5.4% and 8% respectively.
