These properties fall within the Retail category of our Real Estate Investment Trust. They are income-generating assets that provide returns on a regular basis, typically monthly, quarterly, or annually. This category encompasses a diverse range of properties such as shopping malls, grocery stores, boutiques, and outlet centers.
Currently, our REIT portfolio includes ownership of 11 retail and leisure assets, along with several regional retail warehouse parks. These properties offer a blend of retail and leisure opportunities, contributing to the overall diversification and stability of our investment portfolio.
| 2022 | 2023 | |
|---|---|---|
| Value | $338.4M | $431.4M |
| Internal Area | 0.9m sq ft | 0.9m sq ft |
| Passing Rent | $60.4m | $62.8m |
| Occupancy | 85% | 89% |
| Estimated Rental Value | $18.2m | $15.1m |
| Number of Assets | 18 | 21 |
