IREIT Global lifts occupancy and advances Berlin redevelopment in 1Q2026

IREIT Global ( (SG:UD1U) ) has provided an announcement.

IREIT Global reported a resilient first-quarter 2026 update, highlighting a committed occupancy rate of 92.2% and a weighted average lease expiry of 5.4 years, excluding its Berlin Campus repositioning project. The trust’s leverage remained stable at 44.7% with a 4.1% average interest rate, supported by a largely hedged debt profile and the successful refinancing of its German portfolio in late 2025.

Operationally, occupancy at Darmstadt Campus rose sharply from about 43% to 71% after new leases for roughly 9,070 square metres, while a fresh lease was signed at Madrid’s Delta Nova IV and negotiations continue for further space in Spain. In Berlin, construction of the Phase 1 hotel-led component of Project REO is 23% complete and on budget with funding secured, while IREIT works to secure an anchor office tenant for Phase 2, underscoring an asset repositioning strategy aimed at strengthening long-term income stability in key European markets.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.30 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

More about IREIT Global

IREIT Global is a Singapore-listed real estate investment trust focused on Western Europe, investing primarily in office, retail, industrial, logistics and hospitality properties. Its €798.1 million portfolio spans five office assets in Germany, four office properties in Spain and 44 retail properties in France, anchored by blue-chip tenants such as Decathlon, Deutsche Telekom, B&M and STMicroelectronics.

Average Trading Volume: 677,083

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$322.8M

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