Singapore's Lendlease Global Commercial REIT FY gross revenue rises

Lendlease Global Commercial REIT

03/08/2026 12:31

Overview
Singapore real estate investment trust's FY gross revenue rose 2.6% yr/yr
Net property income and profit attributable to unit holders increased for the year
Company's performance driven by growth in property portfolio in Singapore and Milan

Result Drivers
PORTFOLIO GROWTH - Co said revenue and profit growth was driven by expansion of property portfolio in Singapore and Milan

Company press release: ID:nSN29j1wV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Revenue
 
S$211.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Lendlease Global Commercial REIT is S$0.72, about 25.9% above its August 3 closing price of S$0.58
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 3 - Singapore's First Sponsor Group posts HY net loss as revenue falls
Aug 3 - Singapore's APAC Realty half-year profit slips on higher costs, lower brokerage fees
July 31 - Federal Realty raises annual core profit forecast on strong leasing demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)