IREIT Global has reported a portfolio committed occupancy of 89% for the 3QFY2025 ended Sept 30, down from the 89.5% reported in the previous quarter.
The REIT’s weighted average lease expiry (WALE) for the period came in at 5.6 years.
For the period ended Sept 30, the REIT’s aggregate leverage stood at 41.3%. This figure increased mainly due to the issuance of $85 million green notes in May 2025, partially offset by a voluntary partial loan repayment of EUR5 million in relation to the Spanish portfolio in March 2025.
The REIT’s results for the quarter excludes its Berlin campus, which is currently undergoing repositioning into a multi-let, mixed-used asset.
The REIT says that construction works began in 2QFY2025, with ongoing discussions with two potential office tenants to secure a lease commitment for a substantial portion of the office space by 1QFY2026.
The REIT says that the European real estate market improved in 2025 even though growth has moderated.
Units in IREIT Global closed flat at 29 cents on Nov 20.
