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Lendlease Global Commercial REIT ( (SG:JYEU) ) has issued an announcement.
Lendlease Global Commercial REIT reported positive rental reversions for its retail and office portfolios in Singapore for the third quarter of FY2025, with a 10.4% increase in retail and a 13% uplift in office rentals. Despite a slight decline in visitation and tenant sales due to a softer retail landscape, the company has successfully refinanced S$200 million in perpetual securities at a lower rate and signed new tenants, such as Shaw Theatres at Jem. The REIT is also progressing with asset enhancement and redevelopment projects, including the transformation of a car park into a multifunctional event space, which is expected to enhance its property offerings and stakeholder value.
More about Lendlease Global Commercial REIT
Lendlease Global Commercial REIT is a real estate investment trust focused on commercial properties, including retail and office spaces, primarily in Singapore. The company aims to provide sustainable income and growth through strategic asset management and enhancement initiatives.
Average Trading Volume: 5,426,260
Technical Sentiment Signal: Sell
Current Market Cap: S$1.26B
See more insights into JYEU stock on TipRanks’ Stock Analysis page.