Shares & Derivatives
IREIT Global Review @ 18 August 2023
By REIT-TIREMENT  •  August 18, 2023
Basic Profile & Key Statistics Main Sector(s): Office & RetailCountry(s) with Assets: Germany, Spain & FranceNo. of Properties (exclude associate/fund): 37 Key Indicators Performance Highlight Gross revenue, NPI and distributable income declined YoY mainly due to the vacancy in Darmstadt Campus and one-off rent-free period in Bonn Campus, Münster Campus and Sant Cugat Green. Rental Reversion Rental Reversion is at 0% for 1H 2023. Acquisition In July, IREIT completed the preferential offer and received approval at EGM for the acquisition of B&M portfolio. The acquisition is expected to be completed by 3Q 2023. Related Parties Shareholding REIT Sponsor's Shareholding: Above median by 20% or moreREIT Manager's Shareholding: Below median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 10% or more Lease Profile Committed Occupancy: Below median by 5% or moreWALE: Above median by 20% or moreHighest Lease Expiry within 5 Years: Above median by 20% or more; Falls in 2024Weighted Average Land Lease Expiry: 100%...
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance