Performance Highlight
IREIT’s results for 1H 2025 were significantly affected by the full vacancy at Berlin Campus after the expiry of the main tenant’s lease on 31 December 2024. The absence of dilapidation income, which had contributed in 1H 2024, further weighed on performance.
Rental Escalation
IREIT recorded a 3.9% rental escalation in 2Q 2025.
Asset Enhancement Initiative
Construction for the repositioning of Berlin Campus commenced in 2Q 2025 and is scheduled for completion in 2027. Long-term leases have been secured with two hospitality operators, covering 24% of the lettable area. Discussions are ongoing with two potential office tenants to secure commitments for a substantial portion of the remaining office space.
Related Parties Shareholding
REIT Sponsor's Shareholding: FavorableREIT Manager's Shareholding: Less FavorableDirectors of REIT Manager's Shareholding: Less Favorable
Lease Profile
Committed Occupancy: ModerateHighest Annual Lease Expiry in 4 Years: ModerateWALE: FavorableWeighted Average Land Lease Expiry: Favorable
Debt Profile
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Adjusted Interest Coverage
