Lendlease Global Commercial Trust 1Q24 | SGX Company Insights | 9 November 2023

Let the Money Talk · Nov 24, 2023 · 5m

Miaomiao Liu, a Research Analyst at Phillip Securities Research will be covering the Lendlease Global Commercial Trust 1Q24 report.

LREIT is currently trading at FY24e yields of 7.82% and 0.7x P/NAV. We anticipate that the strong rental reversion momentum will persist for 313@somerset in FY24 as international visitors gradually return, and Jem continues to achieve stable reversion in the high single digits. Our DDM-TP remains unchanged at S$0.86, with projected FY24-25e DPUs of S$4.38 - 4.63 cents.

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