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Lendlease Global Commercial REIT ( (SG:JYEU) ) has provided an update.
Lendlease Global Commercial REIT has announced the issuance of 29,719,181 new units to cover management and property management fees. This strategic move involves issuing 24,992,045 units for REIT management fees and 4,727,136 units for property management fees, reflecting the company’s approach to managing its financial obligations through equity rather than cash, potentially impacting its liquidity and shareholder value.
The most recent analyst rating on (SG:JYEU) stock is a Buy with a S$0.75 price target. To see the full list of analyst forecasts on Lendlease Global Commercial REIT stock, see the SG:JYEU Stock Forecast page.
More about Lendlease Global Commercial REIT
Lendlease Global Commercial REIT is a real estate investment trust based in Singapore, focusing on commercial properties. It is managed by Lendlease Global Commercial Trust Management Pte. Ltd., which oversees the trust’s operations and strategic direction.
Average Trading Volume: 9,183,035
Technical Sentiment Signal: Buy
Current Market Cap: S$1.59B
For an in-depth examination of JYEU stock, go to TipRanks’ Overview page.