SINGAPORE (June 24): US office REITs are enjoying strong portfolio resiliency amid the economic uncertainty of Covid-19. DBS Research’s Rachel Tan and Derek Tan have reported healthy rent collections of more than 90% in the April-May period and portfolio occupancy of 94-97% as of 1Q20. On top of this, expiring leases for FY20 have fallen 4-6% after factoring leases renewed and signed in 1Q20, suggesting stable cash flow going forward. 

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