Investor Presentaiton
Rental Revisions (Singapore)
GROSS RENTAL RATE (S$ PSF/MTH)1
For Period 2QFY23/24
mapletree
industrial
$4.06
$3.71
$3.21
$3.41
$3.20
$3.69
$2.57 $2.69
Before Renewal
After Renewal
New Leases
Passing Rent
$1.88
$1.71
$1.82
$1.81
$1.31 $1.41
$1.55
$1.34
17 Leases
(91,153 sq ft)
6 Leases
(20,656 sq ft)
Hi-Tech Buildings
Business Park Buildings
Flatted Factories
Renewal
Leases
151 Leases
New
Leases
6 Leases
(10,288 sq ft)
(107,741 sq ft)
14 Leases
(97,435 sq ft)
(397,040 sq ft)
48 Leases
Stack-Up/Ramp-Up
Buildings
8 Leases
Light Industrial Buildings
N.A.3
(109,448 sq ft)
N.A.2
N.A.4
× Achieved rental revisions of between 4.7% and 9.9% for renewal leases across segments
Portfolio weighted average rental revision rate of 8.8% for renewal leases
1 Gross Rental Rate figures exclude short term leases; except Passing Rent figures which include all leases.
Excluded rental rate for the sole new lease at Stack-Up/Ramp-Up Buildings for confidentiality.
Excluded rental rate for the sole renewal lease at Light Industrial Buildings for confidentiality.
2
3
4
Not applicable as there were no new leases secured in the quarter.
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