Vacancy Levels at 3 REITs to Rise Another 300 bps

The vacancy levels at the three listed real estate investment trusts (REITs) - Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield REIT - could rise further in the second quarter (Q2) of 2021-22 (FY22) due to the pandemic, observed analysts.

BY Realty Plus
Published - Monday, 23 Aug, 2021

Vacancy Levels at 3 REITs to Rise Another 300 bps

The vacancy levels at the three listed real estate investment trusts (REITs) - Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield REIT - could rise further in the second quarter (Q2) of 2021-22 (FY22) due to the pandemic, observed analysts. "The REITs have seen 100-200-basis point (bps) increase in their vacancy levels in Q1FY22 due to continued work from home and the second wave, leading to deferment of leasing decisions by occupiers,” said Adhidev Chattopadhyay, vice-president, equity research-real estate at ICICI Securities.