Lendlease Global Commercial REIT - Phillip Securities 2025-05-09: JEM Rental Reversion of 13%

• While no financials were provided for 3QFY25, Lendlease REIT reported sound operating metrics for its Singapore assets, with retail rental reversion achieving +10.4% and JEM’s office rental review concluded at a 13% increase. We expect rental reversion to remain at high single-digit for 4QFY25.
• - Read this at SGinvestors.io -

The Positives

Sound SG operating metrics despite softer tenant sales.

• - Read this at SGinvestors.io -
• Despite a 5.1% y-o-y decline in tenant sales due to weak demand in fashion categories such as shoes, bags, and accessories, we still expect high single-digit rental reversion in 4QFY25, supported by resilient expansionary demand from overseas retailers, who tend to favour 313@Somerset as a launchpad.

Balance sheet position to be improved.

• 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:
2026-02-23 Lendlease Global Commercial REIT - PLQ Mall Strengthens Suburban Retail Portfolio.

Previous report by Phillip:
2025-08-06 Lendlease Global Commercial REIT - Long Waited JEM Divestment At Valuation.

Price targets by 3 other brokers at Lendlease REIT Target Prices.

Listing of research reports at Lendlease REIT Analyst Reports.

Relevant links:
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Lendlease REIT Dividend Payout Dates & Corporate Actions,
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