IREIT Global’s occupancy up 88.7% in Q1

The company linked this to new leases within its Spanish portfolio.

IREIT Global's occupancy rate slightly grew to 88.7% in the first quarter of the year from 88.5% in Q4 2024.

The company said the marginal increase is due to new leases committed within its Spanish portfolio.

The REIT's German and French portfolios had stable occupancy rates at 80.9% and 100%, respectively.

Despite a higher occupancy rate, the REIT reported that its weighted average lease expiry fell to 5.7 years from 5.9 years in the previous quarter.

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