Investor Presentaiton
Rental Revisions (Singapore)
mapletree
industrial
GROSS RENTAL RATE (S$ PSF/MTH)1
For Period 3QFY23/24
$4.24
$4.03
$4.03
$3.87
$3.24
$2.54 $2.65
$3.67
Before Renewal
After Renewal
New Leases
◆ Passing Rent
$1.94
$1.77
$1.80
$1.47 $1.47
$1.82
$1.33
$1.57
$1.35
25 Leases
(321,593 sq ft)
Hi-Tech Buildings
Renewal
Leases
New
Leases
13 Leases
(105,388 sq ft)
Business Park Buildings
6 Leases
(23,419 sq ft)
Flatted Factories
107 Leases
Stack-Up/Ramp-Up Buildings Light Industrial Buildings
(286,565 sq ft)
20 Leases
N.A.2
(288,660 sq ft)
5 Leases
(6,999 sq ft)
53 Leases
(132,587 sq ft)
7 Leases
N.A.3
(75,036 sq ft)
× Achieved rental revisions of between 4.1% and 10.5% for renewal leases across segments
■ Portfolio weighted average rental revision rate of 7.2% for renewal leases
1 Gross Rental Rate figures exclude short term leases; except Passing Rent figures which include all leases.
2 Not applicable as the sole renewal lease was not renewed in the quarter.
3
Not applicable as there were no new leases secured in the quarter.
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