---
title: "The rental rate of Hengxin Integrated Real Estate Trust Investment Portfolio has significantly increased to 91.4% | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282938035.md"
description: "Hengxin Comprehensive Real Estate Trust (Alpha Integrated REIT) saw its occupancy rate rise to 91.4% in the first quarter of 2023, a significant increase from 86.4% in the same period last year. The trust's quarterly report indicated that the improvement in occupancy was due to strong renewal rates and proactive leasing strategies. In the first quarter, nearly 60% of rental income came from the high-tech sector, while warehousing and logistics accounted for 25%. The overall rental recovery rate for the investment portfolio was 12%, with the warehousing and logistics sector experiencing the highest recovery rate at 12.9%"
datetime: "2026-04-16T04:27:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282938035.md)
  - [en](https://longbridge.com/en/news/282938035.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282938035.md)
---

# The rental rate of Hengxin Integrated Real Estate Trust Investment Portfolio has significantly increased to 91.4% | Lianhe Zaobao

The rental rate of the real estate portfolio under Alpha Integrated REIT reached 91.4% in the first quarter of this year, a significant increase from 86.4% in the same period last year.

The trust released its quarterly business report before the market opened on Thursday (April 16), indicating that the improvement in portfolio occupancy was due to strong renewal rates and proactive leasing strategies. This growth momentum has continued since the fiscal year 2025, when the rental rate began to rise driven by new leases in the high-tech and warehousing logistics sectors.

In the first quarter, nearly 60% of the trust's total rental income came from the high-tech sector, with warehousing and logistics accounting for 25%, and the remainder from chemical warehousing and logistics and general industry.

Overall, the rental recovery rate for the portfolio was 12%, with the warehousing and logistics sector showing the highest recovery at 12.9%, followed by the general industry sector at 12.1%.

The trust stated that over 59% of leases expiring in the fiscal year 2026 have been successfully renewed, with the remainder still under active negotiation. Based on total rental income, the weighted average lease expiry (WALE) for the portfolio is 2.4 years.

#### Further Reading

Alpha Integrated REIT completes refinancing of SGD 75 million loan maturing in March Alpha Integrated REIT appoints Li Jialing as CEO of the management company

In terms of capital management, as of the end of March this year, the overall leverage ratio of the trust was 36.1%, slightly up from 35.8% at the end of December last year, mainly due to a slight increase in borrowings. The financing cost decreased from 4.13% at the end of last year to 3.85%.

After completing the refinancing of a SGD 75 million loan in March this year, the average debt maturity has been extended to 2.2 years. The trust is currently discussing refinancing arrangements for the fiscal year 2027 with lending institutions, which include a SGD 25 million revolving credit facility and a SGD 50 million term loan As of noon on Thursday, the stock price of Hengxin Comprehensive Real Estate Trust was 0.475 yuan, unchanged

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