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Lendlease Global Commercial REIT (LREIT)

Results

Lendlease Global Commercial REIT announces DPU of 2.1 cents for 1HFY2024

Compared to 2.45 cents for 1HFY2023, the lower DPU was a result of higher borrowing costs amidst higher interest rates.

Broker's Calls

As Singapore REITs positions for rate cuts, Maybank Securities remain 'neutral' on the sector

CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT and ​​Lendlease Global Commercial REIT are named as top picks.

Broker's Calls

Maybank keeps ‘neutral’ on S-REITs, ‘agnostic’ on the sector

CICT, CLAR and LREIT were named as analyst Krishna Guha’s picks.

Broker's Calls

UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred

CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.

REITs

Lendlease Global Commercial Italy Fund restructures lease at Sky Complex to lower tenant concentration risk

The lease restructuring is not expected to materially impact LREIT’s distribution and NAV for the FY2024.

Broker's Calls

UOBKH maintains 'overweight' rating on S-REITs after seeing 'healthy signs' that inflationary pressures have moderated

Analyst Jonathan Koh keeps his buy call on CDLHT, FCT, FEHT, KREIT, LREIT and MINT.

Results

LREIT posts positive retail rental reversion of 16.3% in 1QFY2024

Tenant sales continued to trend above pre-Covid average levels and registered a growth of 4.6% y-o-y in 1QFY2024.

Right Timing

Technicals versus fundamentals highlight poor sentiment surrounding acquisitions

Price action suggests investors don't like acquisitions or hints of acquisitions in this part of rate cycle

Broker's Calls

Brokers’ Digest: Hong Leong Asia, Lendlease REIT, Suntec REIT, Frencken, Venture

See what the analysts have to say this week.

Broker's Calls

Recent sell-down in Lendlease Global Commercial REIT ‘unwarranted’, says DBS

DBS has kept its "buy" call and target price of 90 cents on the REIT.
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