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. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe