We attended LHN (SGX:41O)’s 1QFY26 business update briefing on 19 Mar 26. While no financials were disclosed, its co-living portfolio has grown to 3,200 rooms in Singapore, with strong occupancy of 96.5% as at 31 Dec 25.
- Read this at SGinvestors.io -
Space Optimisation segment is the crown jewel
The Space Optimisation Business remains LHN’s key revenue driver, underpinned by healthy occupancies across most of its assets. As at end- Dec’25, the Coliwoo portfolio comprised 3,200 rooms with the addition of 267 rooms secured through a management contract to operate accommodation for a transport operator, as well as a new JV property acquisition.
In 1QFY26, the facilities management division also saw continued traction as its subsidiary, Industrial & Commercial Facilities Management, secured 14 new contracts and renewed 100 contracts for services.
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Coliwoo portfolio looking to expand further
Looking ahead, management aims to aggressively expand its newly-listed Coliwoo portfolio to 4,000 rooms by end-2026, while enhancing the performance of its existing 85 SOHO residential portfolio overseas.
In the Industrial & Commercial segment, LHN is exploring to further increase its Work+Store footprint via M&As. To elevate user experience and profit margins, it will convert some existing basic storage units to aircon storage units, adding about 10,000 sqf of aircon storage in FY26.
Property development for diversification
Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research. Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
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