Sabana REIT’s Q3 occupancy rises to 84.9% on strong logistics demand

It secured 313,953 square feet of new leases.

Sabana REIT's overall portfolio occupancy increased to 84.9% in Q3, up from 78.8% in the previous quarter.

The REIT credited its improved occupancy rate to new leases signed in the quarter, fueled mainly by increased demand for warehouse and logistics properties.

In Q3, the REIT secured 313,953 square feet of new leases and renewed 15,974 square feet of existing leases.

Among its assets, the REIT said 151 Lorong Chuan (New Tech Park) saw occupancy rise to 82%, higher than the average of 78.3% for business parks as per JTC's Q2 report.

Meanwhile, the REIT also reported a higher rental reversion of 9.7%, up from 8.8% in Q2.

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Sabana Industrial REIT

portfolio occupancy

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