The manager of Ascendas REIT (A-REIT) has reported portfolio occupancy of 91.9% for the 3QFY2020 ended Sept 30 with a weighted average lease expiry (WALE) of 3.9 years.

The REIT also reported portfolio rental reversion of -2.3% (compared to 4.3% in the previous quarter) and a healthy aggregate leverage of 34.9% (1.2 percentage points down from the 36.1% in 2QFY2020).

During the quarter, A-REIT completed its acquisition of 254 Wellington Road in Melbourne, Australia.

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