For 1QFY2026, close to 60% of its gross rental income (GRI) is contributed by the High-Tech segment, while a quarter of its GRI came from Warehouse & Logistics segment.
At the same time, AI REIT renewed 26,145 sq m of space and secured 6,848 sq m of new leases. This adds up to close to 33,000 sq m worth of leases secured in 1QFY2026. On a portfolio level basis, rental reversion was at 12% for this quarter, with Warehouse & Logistics segment saw the highest reversion of 12.9%, followed by General Industrial of 12.1%.
AI REIT says that more than 59% of leases due in FY2026 have been renewed, with the remaining leases currently under active renewal discussions.
Portfolio WALE by GRI stands at 2.4 years with 16.5% of total net leasable area are due for renewal for the rest of FY2026.
On the capital management front, AI REIT’s aggregate leverage was higher at 36.1% as at March 31, 2026, compared against 35.8% as at December 31, 2025, due to slightly higher borrowings.
Average all-in financing costs has declined from 4.13% as at December 31, 2025 to 3.85% as at March 31, 2026.
Average debt maturity profile has been extended to 2.2 years following the recent successful refinancing of $75.0 million loan in March. AI RETI says that it is currently in discussion with lenders on refinancing in FY2027. $25 million worth of revolving facilities and $50 million term loans are due for refinancing in FY2027.
See also: Thakral’s 1QFY2026 adjusted attributable profit more than doubles y-o-y to $3.3 mil
For the upcoming AEI at New Tech Park (Phase 3), AI REIT highlights that it is still currently under evaluation and if confirmed, it could add a new block within the building to unlock untapped plot ratio, which could see 19,508 sq m of modernised High-Tech industrial space.
As of 9.13am, units of AI REIT are trading flat at 47.5 cents.
