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Lendlease Global Commercial REIT ( (SG:JYEU) ) has provided an announcement.
Lendlease Global Commercial REIT has announced that it has received a favorable tax ruling from the Inland Revenue Authority of Singapore regarding its issuance of S$120 million 4.75% perpetual securities. This ruling classifies the securities as ‘debt securities’ for tax purposes, allowing holders to benefit from tax concessions and exemptions under Singapore’s Income Tax Act, potentially enhancing the attractiveness of these securities to investors.
The most recent analyst rating on (SG:JYEU) stock is a Hold with a S$6.15 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, established in 2019. It focuses on managing a diversified portfolio of commercial properties, aiming to provide stable income and long-term growth for its investors.
Average Trading Volume: 5,263,152
Technical Sentiment Signal: Hold
Current Market Cap: S$1.28B
See more data about JYEU stock on TipRanks’ Stock Analysis page.