Lendlease Global Commercial REIT 2HFY25 - UOB Kay Hian 2025-08-11: Sharpening Competitive Advantage By Focusing On Singapore

• Lendlease REIT provides an FY26 distribution yield of 6.7%. Maintain BUY. Lendlease REIT's target price: S$0.79.

2HFY25 RESULTS

• - Read this at SGinvestors.io -

313@Somerset and Jem maintained almost full occupancy.

• Lendlease REIT achieved positive rental reversion of 10.2% in FY25 (313@Somerset: high single digit, Jem: low teens). Occupancy remained high at 98.8% for 313@Somerset and 99.8% for Jem as of Jun 25. Tenant retention was healthy at 83.3% weighted by NLA.

Continuing to enhance tenant mix.

• - Read this at SGinvestors.io -
• Sales were also affected by fit-out works done during the transition at Jem from Cathay Cineplexes to Shaw Theatres. New F&B offerings include Casa Vostra (an authentic Italian restaurant) and Lau Wang Claypot at Jem and One Fermented Rice (glutinous rice desserts) and Ottie Pancakes at 313@Somerset.

Strategy to focus on Singapore.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-02-07 Lendlease Global Commercial REIT 1HFY25 - Resilient Contributions From Singapore; Upside From Office Block At Jem.

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