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Ascendas Reit reports 'healthy' Q1 operational performance

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Published Tue, Apr 28, 2020 · 09:50 PM

Singapore

ASCENDAS Reit's manager announced in a business update that it delivered a "healthy" operational performance for its first quarter ended March 31.

Its overall portfolio occupancy rate improved to 91.7 per cent quarter on quarter, mainly attributable to a higher occupancy rate of 88.6 per cent in the Singapore portfolio on the back of higher demand for logistics space.

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