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clock Created with Sketch. 10/03/17
17:54
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Originally posted by MarsC
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Has anyone noticed the vacancy rates in the investment property portfolio (as released in the full year Dec 2016 report of the REIT)? Vacancy rates went up in all six properties, bar one, and not just by a little bit. The worst offender was Wisma UOA Pantai which rocketed up to 44% vacancy, due to loss of an anchor tenant. But in 3 of the 4 remaining properties, vacancy rates increased by at least 40 basis points, and in fact doubled or more , in some cases. In the aggregate, on a lettable-floor-area adjusted basis, vacancy rates went from about 6% to 15%! That's a serious increase, and more than twice as high as at any time since FY 2011 (as far back as my vacancy records currently go), and kind of explains the drop in rental income."This decline was due to the drop in occupancy rates of some properties in the portfolio." Some
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My statement that vacancy rates in 3 of the remaining 4 properties increasing by "at least 40 basis points", is incorrect. What I meant was that it went up by at least 40% Iie by a factor of 1.4). To save confusion, here are the numbers for vacancy rates in each FY:
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
1
property 2011 2012 2013 2014 2015 2016
2
UOACentral Parcels
15.3%
21.5%
3
UOA II Parcels
3.7%
9.6%
4
UOA Damansara Parcels
5.7%
12.1%
5
Wisma UOA Pentai
11.9%
44.3%
6
Wisma UOA Damansara II
6.6%
20.7%
7
Parcel B - Menara UOA Bangsar
2.4%
1.2%
8
lettable area weighted aggregate 7.1% 5.8% 6.2% 6.3% 6.1% 15.0%
Last edited by
MarsC :
10/03/17
