As at end-1QFY2026, co-living (Coliwoo) occupancy stood at 96.5% (+0.4ppt q-o-q), while industrial and Work+Store spaces recorded healthy occupancies of 95.3% (-0.3ppt q-o-q) and 93.1% (-5.9ppt q-o-q due to effect from JV starting 1QFY2026) respectively.
UOB Kay Hian is reiterating its “buy” call on LHN with a lower target price of 71 cents from 84 cents previously.
Analysts Heidi Mo and Tang Kai Jie like that the group continues to see strong occupancy rates across its core space optimisation business, signalling a “firm start” to FY2026.
