Lendlease Global Commercial REIT - Phillip Securities 2024-11-13: Cost Of Borrowing Peaks

Lendlease Global Commercial REIT - Cost Of Borrowing Peaks

Published:
Lendlease REIT (SGX:JYEU) | SGinvestors.io
  • 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



Previous report by Phillip:
2024-08-07 Lendlease Global Commercial REIT - DPU Is Bottoming Out.

Price targets by 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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