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Ascendas REIT reports slightly higher q-o-q portfolio occupancy of 91.7% in 3Q business update

Felicia Tan
Felicia Tan10/19/2021 06:27 PM GMT+08  • 2 min read
Ascendas REIT reports slightly higher q-o-q portfolio occupancy of 91.7% in 3Q business update
AREIT reports higher occupancy for 3QFY2021 at 91.7%, compared to the 91.3% in 2QFY2021
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The manager of Ascendas REIT (A-REIT) has reported portfolio occupancy of 91.7% for the 3QFY2021 ended September, 0.4 percentage points higher than the 91.3% reported in the 2QFY2021 ended June.

On a y-o-y basis, the REIT’s portfolio occupancy dipped slightly from the 91.9% reported in the 3QFY2020.

The REIT’s portfolio occupancy was mainly boosted by improvements in its Singapore and Australia portfolios, and offset by a decline in its US portfolio.

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