Singapore: Lendlease Global Commercial Trust Management Pte. Ltd., the manager of Lendlease Global Commercial REIT (LREIT), has announced its third quarter business update for FY2025, highlighting positive trends in its retail rental reversion and an uplift in office rentals.

According to BERNAMA News Agency, LREIT’s portfolio committed occupancy remained stable at 92.1% as of 31 March 2025. The lease expiry profile was well-distributed, with only 1.2% by net lettable area (NLA) and 2.4% by gross rental income (GRI) due for renewal within the fiscal year. LREIT maintained a long portfolio weighted average lease expiry (WALE) of approximately 7.3 years by NLA and 4.9 years by GRI.

The stable occupancy rates and strategic lease expiry distribution reflect LREIT’s robust operational performance. The long WALE further underscores the trust’s resilience and potential for sustained rental income stability moving forward.