The REIT’s occupancy rate stood at 98.1%, with a portfolio weighted average lease expiry of 5.2 years by net lettable area and 3.1 years by gross rental income.
Gearing was maintained at 30.1%, with fixed debt of 85% and average cost of debt of 4.21%.
The REIT’s debt is well staggered, with a weighted average term to maturity of 2.4 years. There is no further refinancing due for the remainder of FY2023.
Units in Paragon REIT closed at an unchanged 79.5 cents on Oct 31.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
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