US Recovery Play Occupancies, rents bottoming out MUST saw stronger leasing momentum in 3Q21 at 3.2% of its NLA (from 0.7% in 2Q21), with new leases contributing 32.3% of activity (from Jul to 25 Oct), versus 3.3% in 1H21. We see tailwinds from improving market fundamentals, with DPUs cushioned by low FY21-22 lease expiries, supported […]

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