Gross Floor Area (GFA) is a metric used within the real estate industry to indicate the total amount of space available within a building development including walls, corridors and columns. In the context of REITs and real estate investments, a more telling indicator would be Gross Leasable Area (GLA) which indicates the total amount of floor space that is generating operating income for the building.

In properties with a single tenant such as hotels and hospitals, Gross Floor Area is effectively taken to be the Gross Leasable Area.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.