Lendlease Global Commercial REIT ( (SG:JYEU) ) has shared an update.
Lendlease Global Commercial Trust Management Pte. Ltd., as the manager of Lendlease Global Commercial REIT, announced the issuance of 14,544,855 new units in the REIT. This issuance includes 9,132,558 units as payment for management fees, with the units’ value determined by the average trading price on the Singapore Exchange. The issuance reflects the company’s strategy to manage its financial obligations and maintain liquidity, potentially impacting its market positioning and stakeholder interests.
More about Lendlease Global Commercial REIT
Lendlease Global Commercial REIT is a real estate investment trust established under the laws of Singapore, focusing on managing and investing in a diversified portfolio of commercial properties. The company is involved in the real estate industry, offering investment opportunities through its trust structure.
YTD Price Performance: -4.72%
Average Trading Volume: 4,318,385
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$1.21B
See more insights into JYEU stock on TipRanks’ Stock Analysis page.