Cost ManagementManagement has secured new electricity tariff contracts for Jem and 313@Somerset, which will reduce utilities expenses by 30% or S$4m-5m per year.
Financial PerformanceRetail reversions are positive at 11.4%, slightly ahead of peers.
Growth PotentialPost-divestment gearing should fall to c.35%, restoring LREIT’s inorganic growth potential at a time when interest rates are projected to fall.