บทวิเคราะห์ (Research)

OR to maintain at around 90% WHART's average occupancy rate (OR) has declined slightly from around 90% during 2018-2023 to 87% for the first nine months of 2024 (9M24). This decrease was primarily due to the expiration of long-term tenant contracts, as some tenants opted to establish their own facilities, ceased operations in Thailand or reduced their rental space. These assets were built-to-suit properties which require around three to six months for modification before new tenants can occupy the space. The full year OR is expected to remain at a similar level to 9M24. However, with the high quality and prime locations of its assets, coupled with 100% OR guarantees for newly acquired assets from its sponsor, WHART's OR is projected to recover to 90% by 2026.