Ascendas Reit expects low single-digit rent reversions in FY21
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THE manager of Ascendas Reit has signalled a continued flattish to low positive single-digit rent reversion for its portfolio in Singapore, Australia, United Kingdom and United States in FY21.
For FY20, the industrial landlord's portfolio recorded positive average rental reversion of 3.8 per cent for leases that were renewed, in line with its earlier guidance.
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