Lendlease Global Commercial REIT - SGX Company Insights Ep 46
Welcome to the Let the Money Talk podcast.
In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Lendlease Global Commercial REIT – Delivering a JEM as promised
1. Proposed acquisition of the remaining 68% stake in JEM is marginally accretive at 0.1% according to our forecast, in line with the pro-forma DPU accretion of 0.1-3.0%.
2. The acquisition will add a resilient property to the portfolio. The six-storey retail mall accounts 65.1% of NLA with the remaining 34.9% in a 12-storey Grade A office space which is fully leased to the Ministry of National Development of…
The skinny
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