Lendlease Global Commercial REIT 1H24 Results | SGX Company Insights | 5 February 2024
Miaomiao Liu, a Research Analyst at Phillip Securities Research will be discussing a result report of Lendlease Global Commercial REIT, dated Feb 05th, 2023, titled “High rental reversion and rental upside from Sky Complex”.
LREIT is currently trading at FY24 yields of 6.82% and 0.79x Price to NAV. We expect upside from a mark-to-market rental uplift upon successful backfilling of Building 3, Sky Complex, and better- than-expected international travel numbers to support further rental reversion in 313@somerset. Factoring in the higher-for-longer borrowing costs, our DDM-TP has been adjusted…
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