JEM

SGX Research Series: 10 in 10

How LREIT became the first net-zero S-REIT

LREIT was the first S-REIT to attain net-zero carbon in 2022, three years ahead of its target of 2025.
Lendlease Global Commercial REIT maintains consistent DPU growth while scoring on the ESG front - THE EDGE SINGAPORE

REITs

Lendlease Global Commercial REIT maintains consistent DPU growth while scoring on the ESG front

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

Results

Lendlease Global Commercial REIT announces DPU of 2.45 cents for 2HFY2022

Tenant sales have exceed pre-Covid levels
Lendlease Global REIT upsizes perps issue to $200 mil  - THE EDGE SINGAPORE

REITs

Lendlease Global REIT upsizes perps issue to $200 mil

On Feb 14, LREIT announced plans to acquire its remaining interest in Jem for $2.08 billion.
PhillipCapital keeps 'accumulate' call and TP of 94 cents on LREIT after acquisition of remaining interest in Jem - THE EDGE SINGAPORE

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.
Jem acquisition adds income stability, defensiveness to LREIT - THE EDGE SINGAPORE

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

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.
Lendlease, WWF-Singapore fill knowledge gap, not landfills, with mall waste report - THE EDGE SINGAPORE

Environmental, Social and Governance

Lendlease, WWF-Singapore fill knowledge gap, not landfills, with mall waste report

Supermarkets are the culprits of producing the widest variety of plastic waste. The most common type of trash? Styrofoam boxes.
Lendlease Global Commercial REIT to increase stake in Jem for a total of up to $347 mil - THE EDGE SINGAPORE

REITs

Lendlease Global Commercial REIT to increase stake in Jem for a total of up to $347 mil

Upon completion of the proposed acquisition, LREIT will hold an effective indirect interest of up to 31.8% in Jem.

Broker's Calls

CGS-CIMB names Lendlease as a jem to watch

CGS-CIMB has posted a buy call on Lendlease at a target price of 85.4 cents.
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