- 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-10
Read also DBS's most recent report:
2024-02-23 IREIT Global - French Acquisition At An Opportune Time.
Previous report by DBS:
2023-08-07 IREIT Global - French Portfolio To Ease The Pressure.
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 Dividends & Corporate Actions,
IREIT Global News Articles
