IREIT Global’s Q3 occupancy dips to 89.6% amid Spanish portfolio impact

Its Spanish portfolio recorded an occupancy rate of 70.1%.

IREIT Global's occupancy rate slightly fell to 89.6% in Q3 2024 from 89.8% in Q2 2024.

A lower occupancy rate of 70.1% in its Spanish portfolio contributed to the REIT's decline.

It has four properties in Spain.

The REIT's German and French portfolios had stable occupancy rates at 88.0% and 100%, respectively.

Apart from a lower occupancy rate, the REIT reported that its weighted average lease expiry (WALE) fell to 4.6 years from 4.9 years in the previous quarter.

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