CGS-CIMB’s Eing Kar Mei and Lock Mun Yee have reiterated their “add” call as they see the accretive acquisition to enhance LREIT’s income stability through the diversification and higher exposure to the suburban retail sector.
Analysts from CGS-CIMB Research and UOB Kay Hian agree that the acquisition of the remaining stake in Jem by Lendlease Global Commercial REIT (LREIT) is positive on all counts.
