For the 3QFY2024, LREIT’s portfolio committed occupancy plunged 11% y-o-y to 88.88% in the face of the departure of the anchor tenant of Sky Complex, which returned one-third of the space. But on a q-o-q basis, it improved 0.9% due to the backfilling of Sky Complex by 8.1%.
Analysts are mixed on Lendlease Global Commercial REIT (SGX:JYEU
) (LREIT) after its business update for the 3QFY2024 ended March 31, with PhillipCapital and Maybank Securities keeping their “buy” calls. Citi Research, on the other hand, has maintained its “neutral” call.
PhillipCapital has an unchanged target price of 83 cents, Maybank has an unchanged target price of 70 cents, and Citi has a target price of 61 cents.
