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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.
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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.

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