Net property income was up 1.6% y-o-y to $30.4 million, while gross revenue was up 3.2% y-o-y to $41.6 million, as a stronger Euro helped translate rental income from Sky Complex into higher Singdollars. Improved operational efficiency at 313@Somerset, LREIT’s key asset, helped too.
Lendlease Global Commercial REIT has announced a distribution per unit of 2.34 cents for 1HFY2021 ended Dec 30, versus 2.32 cents for the year earlier period.
LREIT holds two key assets: 313@Somerset mall in Singapore and Sky Complex office building in Italy.
