Lendlease Global Commercial REIT (SG:JYEU)
SGX:JYEU
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Lendlease Global Commercial REIT
(SGX:JYEU)
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Rating:70Neutral
Price Target:
S$0.62
▲(7.07% Upside)
Action:Downgraded
Date:10/29/25
Lendlease Global Commercial REIT's overall stock score is driven by its solid financial performance and strong technical indicators. The company's robust cash flow and profitability margins are positive, but the high P/E ratio suggests potential overvaluation. Technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The attractive dividend yield adds value for income-focused investors.
Positive Factors
Recurring rental income model
The REIT's core business is recurring rental income from leased office and retail properties, which produces predictable cash inflows. That recurring revenue base underpins distributions, supports multi-period financial planning and reduces earnings volatility compared with transactional revenue streams.
Negative Factors
Rising leverage risk
An upward trend in total debt heightens refinancing and interest-rate exposure for a capital-intensive REIT. Higher leverage can compress distributable income, constrain acquisition flexibility, and increase vulnerability to rate cycles if not offset by faster cash generation or liability management.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
The REIT's core business is recurring rental income from leased office and retail properties, which produces predictable cash inflows. That recurring revenue base underpins distributions, supports multi-period financial planning and reduces earnings volatility compared with transactional revenue streams.
Read all positive factors
Lendlease Global Commercial REIT (JYEU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.87B
Dividend Yield8.01%
Average Volume (3M)10.73M
Price to Earnings (P/E)7.6
Beta (1Y)0.57
Revenue Growth0.36%
EPS Growth28.75%
CountrySG
Employees69
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.03
Shares Outstanding3,313,371,000
10 Day Avg. Volume11,516,110
30 Day Avg. Volume10,725,793
Financial Highlights & Ratios
PEG Ratio1.10
Price to Book (P/B)0.58
Price to Sales (P/S)6.08
P/FCF Ratio8.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.75Price Target Upside29.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.03
Revenue Forecast (FY)S$211.72M
Lendlease Global Commercial REIT Business Overview & Revenue Model
Company Description
Listed on 2 October 2019, Lendlease Global Commercial REIT ("LREIT") is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located g...
How the Company Makes Money
The REIT makes money primarily by earning property income from its commercial real estate portfolio. Its key revenue stream is recurring rental income paid by tenants under lease agreements for office and retail/commercial space, which may include...
Lendlease Global Commercial REIT Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 205.93M | 206.54M | 220.91M | 205.52M | 101.66M | 78.18M |
| Gross Profit | 127.24M | 127.49M | 149.86M | 135.13M | 70.87M | 53.68M |
| EBITDA | 131.70M | 139.09M | 134.28M | 131.94M | 146.27M | 1.55M |
| Net Income | 85.50M | 70.89M | 77.18M | 99.57M | 141.93M | -1.94M |
Balance Sheet | ||||||
| Total Assets | 3.69B | 3.91B | 3.83B | 3.83B | 3.70B | 1.74B |
| Cash, Cash Equivalents and Short-Term Investments | 25.88M | 41.59M | 34.12M | 54.22M | 49.23M | 249.26M |
| Total Debt | 1.48B | 1.64B | 1.54B | 1.91B | 1.45B | 545.09M |
| Total Liabilities | 1.59B | 1.76B | 1.62B | 2.00B | 1.52B | 580.32M |
| Stockholders Equity | 2.10B | 2.15B | 2.21B | 1.83B | 2.17B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | 63.32M | 147.40M | 121.16M | 120.56M | 90.75M | 65.04M |
| Operating Cash Flow | 98.64M | 162.65M | 128.81M | 120.72M | 95.23M | 66.51M |
| Investing Cash Flow | 215.12M | -11.16M | 475.00K | -93.36M | -1.85B | -47.29M |
| Financing Cash Flow | -335.14M | -145.01M | -149.26M | -22.21M | 1.55B | 145.83M |
Lendlease Global Commercial REIT Technical Analysis
Negative
0.58
Price Trends
0.56
Negative
0.59
Negative
0.59
Negative
Market Momentum
>-0.01
Positive
45.53
Neutral
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:JYEU, the sentiment is Negative. The current price of 0.58 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.56, and below the 200-day MA of 0.59, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:JYEU.
Lendlease Global Commercial REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | S$18.05B | 18.93 | 5.88% | 5.26% | 1.66% | -6.80% | |
70 Neutral | S$1.87B | 7.62 | 4.02% | 8.01% | 0.36% | 28.75% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$6.61B | -65.25 | 2.82% | 5.50% | -4.61% | -55.41% | |
63 Neutral | S$4.35B | 2.57 | 8.90% | 7.36% | -0.43% | 337.21% | |
62 Neutral | S$4.26B | ― | -0.38% | 4.55% | 1.45% | 39.79% | |
57 Neutral | S$1.96B | ― | -0.48% | 6.03% | -7.25% | ― |
* Real Estate Sector Average
SG:JYEU
Lendlease Global Commercial REIT
0.57
0.11
23.09%
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Lendlease Global Commercial REIT Corporate Events
Lendlease Global Commercial REIT to Fully Redeem S$200 Million Perpetual Securities in June 2026
May 5, 2026
Lendlease Global Commercial REIT will redeem in full its S$200 million 4.20% subordinated perpetual securities on 4 June 2026 at par, plus accrued distributions, under its S$1 billion multicurrency debt issuance programme. The securities will be c...
Lendlease Global Commercial REIT Launches S$196.6 Million Preferential Offering
Mar 10, 2026
Lendlease Global Commercial REIT is launching an underwritten non-renounceable preferential offering to raise approximately S$196.6 million, issuing 352,360,283 new units at S$0.558 each. The offer is on the basis of 119 new units for every 1,000 ...
Lendlease Global Commercial REIT Launches S$196.6 Million Preferential Offering
Feb 25, 2026
Lendlease Global Commercial REIT has launched an underwritten, non-renounceable preferential offering to raise approximately S$196.6 million in gross proceeds. The offer is priced at S$0.558 per new unit, representing about a 6% discount to the vo...
Lendlease Global Commercial REIT Sets Record Date for Preferential Offering of New Units
Feb 25, 2026
Lendlease Global Commercial REIT has announced the record date for its underwritten non-renounceable preferential offering, which aims to issue new units to existing entitled unitholders. The transfer books and unitholders’ register will clo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.