Lendlease Global Commercial REIT - UOB Kay Hian 2026-03-27: Maintaining Focus On Expansion In Singapore

• Lendlease REIT (SGX:JYEU) is acquiring the remaining 30% interest in PLQ Mall, thereby securing full ownership. It has gained complete management and operational control.
• - Read this at SGinvestors.io -

Attractive entry point relative to comparable transactions.

• The agreed purchase price implies an attractive NPI yield of 4.5%, which compares favourably to the yield of 4.1% for Elegant Group’s acquisition of Clementi Mall in Dec 25 and similar to the yield of 4.5% for Frasers Centrepoint Trust (SGX:J69U)’s acquisition of Northpoint City South Wing in Mar 25.
• - Read this at SGinvestors.io -

Becoming more Singapore-centric and more defensive.

• Lendlease REIT would become even more Singapore-focused with Singapore accounting for 90% of portfolio valuation after the acquisition (previous: 89%). Defensive suburban malls now account for 65% of portfolio valuation (previous: 63%).

Meaningful interest savings.

• 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:
2026-02-19 Lendlease Global Commercial REIT 1HFY26 - Maintaining Focus On Expansion In Singapore.

Price targets by 3 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