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LHN (SGX:41O) reported revenue of S$60.9m and PATMI of S$16.8m. These are below our expectations, forming 44% and 38% of our forecasts respectively. Revenue (-13.7% y-o-y) came in softer than expected due to the decline in property development business and facility management business, partially offset by higher revenue from residential properties and Coliwoo (SGX:W8W) in the space optimisation business.
- - Read this at SGinvestors.io -
Resilient occupancies across core portfolios.
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LHN’s occupancy remains firm in 1HFY26, maintaining high occupancy levels across its space optimisation business. As at end-1HFY26, co-living (Coliwoo) occupancy stood at 97.0% (+0.5ppt q-o-q), while industrial and Work+Store spaces recorded healthy occupancies of 96.5% (+1.2ppt q-o-q) and 92.8% (-0.3ppt q-o-q) respectively. Commercial space occupancy remained stable at 84.5% (-1.5ppt q-o-q).
- - Read this at SGinvestors.io -
Maintained interim dividend.
- 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/.
Tang Kai Jie UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-06-12
Previous report by UOB:
2026-03-20 LHN - Resilient Portfolio Occupancies; Transitioning To Asset-light Business Model.
Price targets by 2 other brokers at LHN Target Prices.
Listing of research reports at LHN Analyst Reports.
Relevant links:
LHN Share Price History,
LHN Announcements,
LHN Dividend Payout Dates & Corporate Actions,
LHN News
