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Lendlease REIT reports portfolio occupancy of 99.9% in 3QFY2022 update

Felicia Tan
Felicia Tan5/5/2022 08:26 AM GMT+08  • 2 min read
Lendlease REIT reports portfolio occupancy of 99.9% in 3QFY2022 update
Jem. Photo: LREIT
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The manager of Lendlease Global Commercial REIT (LREIT) has reported a portfolio occupancy of 99.9% for the 3QFY2022 ended March. The occupancy rate stood stable q-o-q.

The REIT’s weighted average lease expiry (WALE) stood at 8.2 years by net lettable area (NLA) and 4.3 years by gross rental income (GRI) as at March 31.

According to the manager, the leases due for renewal in the FY2022 have been “substantially de-risked” to 1% by NLA and 3% by GRI.

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