BHG Retail REIT has reported a committed occupancy rate of 94.2% and a weighted average lease expiry (WALE) by gross rental income of 2.3 years in its 3QFY2025 business update.
WALE by committed net lettable area came in at 4.4 years as at Sept 30.
The REIT’s aggregate borrowings drawn down as at Sept 30 is $304.9 million.
As at Sept 30, gearing ratio stood at 42%, and interest coverage ratio at 1.8 times. Average cost of debt came in at 4.4%.
The manager of the REIT says that it remains focused and committed to proactively managing the existing portfolio, and to pursue growth.
Units in BHG Retail REIT closed flat at 44 cents on Nov 11.
