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Lendlease Global Commercial REIT (LREIT)
Broker's Calls
PhillipCapital keeps 'accumulate' call and TP of 94 cents on LREIT after acquisition of remaining interest in Jem
PhillipCapital has increased its DPU estimate for the FY2022 and FY2023 by 1.7% and 0.3% respectively.
February 28, 2022
Sustainability
LREIT secures sustainability-linked loan of $860 mil, largest amongst REITs in Asia
The proceeds of the loan will go towards funding the acquisition of Jem.
February 23, 2022
REITs
Jem acquisition adds income stability, defensiveness to LREIT
LREIT's manager says Jem will add income stability and defensiveness to income, and is accretive to DPU
February 15, 2022
REITs
Lendlease REIT to acquire remaining interest in Jem; acquisition said to be DPU accretive by 10.5%
The purchase consideration stood at $2.08 billion for the property and an approximate $116 million for the sale shares in ARIF3.
February 15, 2022
Broker's Calls
Analysts continue to like Lendlease REIT on positive rental reversions and high occupancy rate at 313@Somerset
The analysts have given LREIT target prices that range from 94 cents to $1.03.
February 10, 2022
Results
LREIT retains high occupancy with long WALE in 1Q
Lendlease report positive momentum in 1Q business update.
November 05, 2021
Results
LREIT reports portfolio occupancy of 99.8% for 1QFY22, says increased stake in Jem will bring stable income
LREIT now holds a 31.8% indirect interest in Jem.
November 05, 2021
Broker's Calls
'A year to forget' for retail S-REITs as restrictions drag on, with extensions 'highly likely': DBS
“Going forward, measures will be reviewed fortnightly, and could be extended, which is highly likely in our view."
October 25, 2021
REITs
REITs can't fully camouflage gearing with perpetual securities
Perpetual securities have been used to camouflage gearing but will be unable to do so with ICR to be implement in 2022.
October 06, 2021
Broker's Calls
CGS-CIMB ups TP for LREIT on potential Nareit Index inclusion
CGS-CIMB has raised its TP for LREIT to 95.6 cents, up from 89.1 cents previously.
August 13, 2021