IREIT Global - DBS Research 2022-11-10: Saved By Low Gearing & Hedging Of Loan Book

• See IREIT Global's announcement dated 09 Nov 2022 for its 3Q22 business updates:

Stronger portfolio occupancy of 96.5%

• - Read this at SGinvestors.io -

Slowdown in leasing momentum expected

• 12.4% of leases expected to expire in 4Q22; likely to be from Darmstadt Campus – Deutsche Telekom has given notice earlier in the year that they will not renew their lease when it expires in November 2022. ~2,700sqm of space at II-lumina will be vacated in December 2022.
• - Read this at SGinvestors.io -

Strong rental escalations of 4.2%

• Strong rental escalations of 4.2% y-o-y as a result of built-in rental escalations and CPI indexation on some leases.
• Achieved a slight positive rental reversion of +0.3% in 3Q22.

Borrowing costs remained stable at 1.8%

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-02-28 IREIT Global - All Eyes On Berlin.

Previous report by DBS:
2024-08-08 IREIT Global - No Pain, No Gain.

Price targets by other brokers at IREIT Global Target Prices.

Listing of research reports at IREIT Global Analyst Reports.

Relevant links:
IREIT Global Share Price History,
IREIT Global Announcements,
IREIT Global Dividend Payout Dates & Corporate Actions,
IREIT Global News