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.
