Home Capital Results

SPH REIT reports occupancy rate of 98.8% in 1QFY2022

Felicia Tan
Felicia Tan1/7/2022 7:44 PM GMT+08  • 2 min read
SPH REIT reports occupancy rate of 98.8% in 1QFY2022
Units in SPH REIT closed 0.5 cent lower or 0.51% down at 98 cents on Jan 7.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of SPH REIT has reported a high occupancy rate of 98.8% across its portfolio in the 1QFY2022 ended November.

The REIT has also reported an improvement in its weighted average lease expiry (WALE) to 5.5 years by net lettable asset (NLA) and 2.9 years by gross rental income (GRI) from FY2021.

According to the manager, the REIT’s strategically located assets with captive catchments cushioned the impact of Covid-19.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.