Lendlease Global Commercial REIT Likely in Growth Mode
Dow Jones
Aug 04
0300 GMT - Lendlease Global Commercial REIT appears to be in growth mode, with gains likely to be supported by rent increases and resilient sales by tenants, DBS Group Research's Tabitha Foo says in a note. The real-estate investment trust's FY 2026 distribution per unit came in ahead of DBS's estimate. The analyst expects leasing of reconfigured space at its Singapore shopping-center asset PLQ Mall to support the trust's growth. Still, she flags an operational overhang in its Milan asset, where one building is half occupied amid a selective office-leasing market. "[The asset's] focus remains to lease up before evaluating a potential divestment," Foo says. DBS maintains a buy rating but is reviewing its S$0.75 target price. Units rise 1.7% to S$0.585.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.