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Lendlease Global Commercial REIT reports portfolio occupancy of 99.0% in 1Q business update

Felicia Tan
Felicia Tan11/3/2020 09:35 AM GMT+08  • 4 min read
Lendlease Global Commercial REIT reports portfolio occupancy of 99.0% in 1Q business update
The manager of LREIT intends to distribute 100% of its adjusted cash netflow from operations for the period ending June 30, 2021.
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The manager of Lendlease Global Commercial REIT (LREIT) has reported portfolio occupancy of 99.0% for the 1QFY2020 ended September with a long weighted average lease expiry (WALE) of 9.5 years by net lettable asset (NLA).

It adds that some 78% of its leases by NLA will expire only beyond FY2024.

During the quarter, tenant sales and footfall at [email protected] recovered some 70% and 60% of pre-Covid-19 levels respectively.

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