Lendlease Global Commercial REIT - DBS Research 2022-08-22: Standing Amongst The Retail Titans; A Growing Singapore-Centric Retail Play

Lendlease Global Commercial REIT - Standing Amongst The Retail Titans; A Growing Singapore-Centric Retail Play

  • Lendlease REIT had announced the acquisition of the remaining stakes of the mixed development JEM back in February 2022. The deal stands as the largest suburban retail transactions this year at a deal size of S$2,079m.
  • - Read this at SGinvestors.io -

JEM to deliver multi-faceted benefits to Lendlease REIT’s overall portfolio.

  • We see JEM complimenting Lendlease REIT’s overall portfolio in multiple ways. JEM is one of the most established and dominant malls in Singapore’s west and enjoys excellent transport connectivity located next to Jurong East MRT, a key transit station. The addition of JEM’s tenant mix to the overall portfolio will carve out new trade sectors within the necessity spending space including supermarkets and home furnishing.
  • - Read this at SGinvestors.io -

Distributable income to almost double on more diversified sources of income.

  • Read more at SGinvestors.io.

Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.

Geraldine WONG DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-08-22

Read also DBS's most recent report:
2023-09-11 Lendlease Global Commercial REIT - Stronger Than Sell-Down Suggests; Trading At Eye Catching Valuations.

Previous report by DBS:
2023-08-10 Lendlease Global Commercial REIT - Just The Start Of Robust Reversions.

Price targets by 4 other brokers at Lendlease REIT Target Prices.

Listing of research reports at Lendlease REIT Analyst Reports.

Relevant links:
Lendlease REIT Share Price History,
Lendlease REIT Announcements,
Lendlease REIT Dividends & Corporate Actions,
Lendlease REIT News Articles


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