Lendlease Global Commercial REIT 1HFY26 - UOB Kay Hian 2026-02-19: Maintaining Focus On Expansion In Singapore

• Lendlease Global Commercial REIT (SGX:JYEU) reported a DPU of 1.85 cents for 1HFY26 (+3.1% y-o-y), which is in line with our expectation.

Retail assets at almost full occupancy.

• - Read this at SGinvestors.io -
• Lendlease REIT completed the acquisition of 70% stake in PLQ Mall on 27 Nov 25. 90% of Lendlease REIT’s portfolio valuation is currently anchored by Singapore, of which 63% comprises resilient suburban retail malls Jem and PLQ Mall.

Turnaround in tenant sales.

• - Read this at SGinvestors.io -
• New tenants, including Shaw Theatres that commenced operations at Jem in Nov 25, also contributed to higher tenant sales. Tenant retention is healthy at 76.8% if we exclude the exit of Cathay Cineplexes.

Benefit from lower electricity tariff in FY27.

• 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:
2026-01-06 Lendlease Global Commercial REIT - Upside From PLQ Mall and Revaluation Of 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