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LREIT maintains portfolio resiliency in 1QFY2023

Samantha Chiew
Samantha Chiew11/7/2022 08:29 AM GMT+08  • 4 min read
LREIT maintains portfolio resiliency in 1QFY2023
LREIT has managed to maintain its portfolio resiliency in 1QFY2023.
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in its latest 1QFY2023 ended September business update, Lendlease Global Commercial REIT (LREIT) announced that it has managed to maintain its portfolio resiliency.

Its portfolio committed occupancy remained high at 99.7% with a long weighted average lease expiry (WALE) of 8.5 years by net lettable area (NLA) and 5.5 years by gross rental income (GRI).

The REIT’s manager had de-risked leases expiring for the year to 8.0% (from 11.9%) by NLA and 14.5% (from 23.9%) by GRI, in the first three months of FY2023.

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