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

• 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 an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-05-09 Lendlease Global Commercial REIT - JEM Rental Reversion of 13%.

Previous report by Phillip:
2025-02-05 Lendlease Global Commercial REIT 1HFY25 - Low-teens Rental Reversion Expected For JEM Office.

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 Dividend Payout Dates & Corporate Actions,
Lendlease REIT News