Key Operating Indicators

As of May 17, 2021

Net Leasable Area
139,770 sqm.
Occupancy Rate
94.4%
Average Rental Rate
518 baht/sqm.
Rental Reversion Rate
4.9%
Retention Rate
92.1%
Weighted Average Lease Expiry
2.84 yrs

Portfolio Performance

(Million Baht)
Average rental rate (Baht/sqm)
Net Rate
Occupancy rate

During the economic downturn, focus on tenant retention and adding high-quality tenant brands.

Occupancy rate increased to
94.4%
at end of quarter.

Average rental rate still face pressure from lingering discounts during re-normalization.

Leasing Performance

(Million Baht)
Retention rate
Rental reversion rate
106 total renewed and new leases in 1Q21 for a total of
12,648
sqm.
Tenant prioritization applied since 1Q21 resulted in an improved retention rate to
92.1
%
While rental reversion improved from
0.1% to 4.9%
in 1Q21 as economic normalization takes effect