Acquisition ChallengesThe rate of accretive acquisitions has slowed down notably due to stubbornly low cap rates and rising financing costs.
Market RisksDownside risks include lower-than-forecast portfolio occupancy and lower-than-expected rental reversions due to a slower macro outlook.
Unresolved ReceivablesNo improvement at the Guangdong DCs, with over S$45mn in unpaid rent still unresolved.