LREIT’s FY2022 revenue and net property income (NPI) grew by 29.3 and 32.7% respectively, coming in at $101.7 million and $75.5 million.
CGS-CIMB Research analyst Lock Mun Yee has cut her target price on Lendlease Global Commercial REIT (LREIT) from $1.05 to $1.02, although she still maintains her “buy” call.
In an Aug 9 note, Lock writes that LREIT’s FY2022 earnings were lifted by its acquisition of Jem and Singapore’s strong reopening.
