- No financials was provided in 1QFY25. Lendlease Global Commercial REIT (SGX:JYEU) achieved resilient retail rental reversion of 11.4% (4Q24: +12%) and office rental saw 1.2% uplift (4Q24: +1.2%). The portfolio occupancy rate stands at 89.5%, with Sky Complex at 75% occupancy.
- - Read this at SGinvestors.io -
- We reiterate our BUY recommendation on Lendlease REIT with an unchanged DDM-based Lendlease REIT's target price of S$0.80.
The Positives
Backfilling on Building 3 Sky Complex is on track.
- - Read this at SGinvestors.io -
- The building receives strong leasing interest as leasing momentum is on the recovery in Milan with green certified building become tenant’s key selection criteria.
Healthy operating metrics.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Liu Miaomiao Phillip Securities Research | http://www.poems.com.sg/ 2024-11-13
Read also Phillip's most recent report:
2024-11-27 Lendlease Global Commercial REIT - Higher For Longer Interest Rate.
Price targets by 2 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
