CLINT reports 1QFY2023 net property income of $42 mil, up 5% y-o-y

With a development pipeline, the REIT will see a 77% growth in floor area to 29.9 million sq ft.

Its weighted average lease expiry is at 3.7 years. According to the REIT manager, 75% the leases expiring this year, which constitutes 7% of the monthly base rent, will either be renewed, or "highly likely" be renewed.

The REIT says it has managed to achieve average initial rents of new leases at 21% higher versus the pre-pandemic period.

CLINT units closed April 26 at $1.07, unchanged for the day, and down 6.96% year to date.