313@Somerset

Lendlease Global Commercial REIT is making headways in both its growth and ESG fronts.

Supermarkets are the culprits of producing the widest variety of plastic waste. The most common type of trash? Styrofoam boxes.

The manager of LREIT intends to distribute 100% of its adjusted cash netflow from operations for the period ending June 30, 2021.

Analyst Derek Tan likens the REIT to a “lotus flower in bloom” in a September 17 note.

Despite retail coming under increasing pressure, DBS reckons that Lendlease is poised for resilience.

Year-to-date ended March 31, LREIT reported a DPU of 2.57 cents, 1.9% higher than its forecast, and a distributable income of $30.0 million, 1.3% higher than expected.

SINGAPORE (Feb 17): In the three months to Dec 31, 2019, for its 2QFY2020, Lendlease Global Commercial REIT (LREIT) outperformed its forecast numbers. Distribution per unit was 1.29 cents, 3.1% above forecast DPU of 1.25 cents. Distributable income of $15

SINGAPORE (Oct 15): Daiwa Capital Markets is initiating coverage on Lendlease Global Commercial REIT with an “outperform” rating and a target price of $1.01.

SINGAPORE (Sept 16): Australia-listed international property and infrastructure group Lendlease Global has lodged a prospectus to list Lendlease Global Commercial REIT on the Mainboard of the Singapore Exchange.

SINGAPORE (May 23): Australia’s Lendlease could potentially be the next REIT to list in Singapore, following the footsteps of two recent US REITs.