Lendlease Global Commercial REIT - UOB Kay Hian 2026-01-06: Upside From PLQ Mall and Revaluation Of Jem

• Lendlease Global Commercial REIT (Lendlease REIT, SGX:JYEU) completed the acquisition of 70% stake in PLQ Mall from sovereign wealth fund Abu Dhabi Investment Authority on 27 Nov 25. It could consider moving on next to acquire the remaining 30% stake in PLQ Mall from sponsor Lendlease Corp.
• - Read this at SGinvestors.io -

DPU-accretive acquisition in the making.

• The acquisition could be funded by a mix of equity and bank loans to ensure Lendlease REIT’s aggregate leverage stays below 40%. We estimate debt headroom at S$107m based on aggregate leverage of 40%.
• - Read this at SGinvestors.io -

Enhancing PLQ Mall by optimising tenant mix.

• 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:
2025-11-06 Lendlease Global Commercial REIT - Back On The Acquisition Trail; Expanding Singapore Footprint In Suburban Retail.

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