- We upgrade Lendlease REIT to BUY from HOLD with a target price of S$0.69. Our upgrade is underpinned by falling interest and risk-free rates, resilient Singapore retail sales and ongoing capital management, leading to lower gearing.
Conducive macro.
- Meanwhile, GDP growth will be resilient at 3.2% this year and 2.0% next year.
Positive capital management trend.
This is a partial preview of the article. The complete article, including further analyst commentary on the outlook, valuation, dividend forecast, stock rating, target price, and more, is available on SGinvestors.io.
Read the complete article on SGinvestors.io.
Krishna Guha Maybank Research | https://www.maybanktrade.com.sg/ 2025-10-06
Read also Maybank's most recent report:
2026-08-05 Lendlease Global Commercial REIT - Retail Strength Drives Sustainable DPU Growth.
Previous report by Maybank:
2026-05-19 Lendlease Global Commercial REIT - PLQ Mall Reconfiguration To Drive Next Leg of Growth.
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 Dividend Payout Dates & Corporate Actions,
Lendlease REIT News
