Lendlease Global Commercial REIT (LREIT)

Special Event

Carbon cost of AI, corporate decisions in focus at The Edge’s sustainability forum

The four panellists of The Edge Singapore’s Sustainability Investment Forum 2024 covered a broad range of topics on Sept 17, and readily answered questions from the audience.
Analysts lower TP on LREIT following weaker FY2024 DPU - THE EDGE SINGAPORE

Broker's Calls

Analysts lower TP on LREIT following weaker FY2024 DPU

The decrease in LREIT's FY2024 DPU mainly stemmed from higher-than-forecasted interest expense.
Lendlease Global Commercial REIT posts 17.7% decline in FY2024 DPU to 3.87 cents - THE EDGE SINGAPORE

Results

Lendlease Global Commercial REIT posts 17.7% decline in FY2024 DPU to 3.87 cents

LREIT's FY2024 DPU dropped by 17.7% to 3.87 cents.

Results

LREIT reports slightly higher occupancy rate for 3QFY2024 with more takers for Italy office space

LREIT was also able to achieve a positive rental reversion of 15.3%

Broker's Calls

DBS analysts maintain preference for FCT, LREIT, CICT and CLAS S-REITs as macro environment normalises

Investors should continue to add to their positions, despite volatility in the interim as interest rate cuts approach in mid-2024.

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.
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