GOZ 2.01% $2.54 growthpoint properties australia

2014WALE: 6.9 years, Occupancy: 98%2019 WALE: 5.0 years,...

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    2014
    WALE: 6.9 years, Occupancy: 98%

    2019
    WALE: 5.0 years, Occupancy: 98%

    2023
    WALE: 6.0 years, Occupancy: 93%

    "Short WALE and value add opportunities were more keenly sought after, as a means for capturing short-term rental growth." (p. 68; Annual Report 2023)

    Even for relatively long WALE focussed REITs, WALE's can be a bit lumpy for various reasons (e.g., timing; predictability of CPI). A decrease in occupancy is a less ambiguous negative for a REIT.

    93% is not bad, but it is lower than 98%.
 
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