The latest update is out from Lendlease Global Commercial REIT ( (SG:JYEU) ).
Lendlease Global Commercial REIT has secured a 13% rental increase for its Jem office, leased to Singapore’s Ministry of National Development, which will enhance its gross rental income contribution. The Singapore portfolio, including retail malls, has shown strong performance with high occupancy rates and positive rental growth, reinforcing the strategic importance of locations like Jurong Gateway. Additionally, LREIT has priced S$120 million in fixed rate perpetual securities to refinance existing debt, indicating proactive financial management.
More about Lendlease Global Commercial REIT
Lendlease Global Commercial REIT is a real estate investment trust focused on commercial properties, primarily in Singapore. It manages a portfolio that includes retail and office spaces, with a significant emphasis on maintaining high occupancy and rental growth.
YTD Price Performance: -2.83%
Average Trading Volume: 3,359,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$1.25B
See more insights into JYEU stock on TipRanks’ Stock Analysis page.