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Lendlease Global Commercial REIT
(SGX:JYEU)
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Rating:70Neutral
Price Target:
S$0.63
▲(8.10% 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 earnings derive from contracted rental income and ancillary property revenues. This recurring cash flow profile provides predictable cash generation supporting stable distributions, enabling long-term planning for leasing and asset enhancement to maintain occupancy and yields.
Negative Factors
Rising Total Debt
Rising total debt, despite a moderate debt-to-equity ratio, raises leverage risk for a cash-flow dependent REIT. Higher borrowings increase exposure to interest rate moves and refinancing costs, which can constrain distribution flexibility and capital expenditure over the 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Rental Income Model
The REIT's core earnings derive from contracted rental income and ancillary property revenues. This recurring cash flow profile provides predictable cash generation supporting stable distributions, enabling long-term planning for leasing and asset enhancement to maintain occupancy and yields.
Read all positive factors
Lendlease Global Commercial REIT (JYEU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.91B
Dividend Yield8.01%
Average Volume (3M)10.73M
Price to Earnings (P/E)18.5
Beta (1Y)0.56
Revenue Growth0.36%
EPS Growth28.75%
CountrySG
Employees69
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.03
Shares Outstanding3,327,029,300
10 Day Avg. Volume11,516,110
30 Day Avg. Volume10,725,793
Financial Highlights & Ratios
PEG Ratio1.49
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 ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)S$207.66M
Lendlease Global Commercial REIT Business Overview & Revenue Model
Company Description
Launched on October 2, 2019, Lendlease Global Commercial REIT (LREIT) was created with a core strategy: to invest, either directly or indirectly, in a diverse range of stable, revenue-generating real estate assets worldwide. These properties are p...
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 | 161.39M | 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 | 126.13M | 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
Positive
0.58
Price Trends
0.57
Positive
0.57
Positive
0.59
Negative
Market Momentum
<0.01
Negative
61.69
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:JYEU, the sentiment is Positive. The current price of 0.58 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.57, and below the 200-day MA of 0.59, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.69 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$19.09B | 19.05 | 5.88% | 5.26% | 1.66% | -6.80% | |
70 Neutral | S$1.91B | 18.49 | 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$6.87B | 26.26 | 2.82% | 5.50% | -4.61% | -55.41% | |
63 Neutral | S$4.32B | 7.71 | 8.90% | 7.36% | -0.43% | 337.21% | |
62 Neutral | S$4.32B | -121.67 | -0.38% | 4.55% | 1.45% | 39.79% | |
57 Neutral | S$1.96B | -107.58 | -0.48% | 6.03% | -7.25% | ― |
* Real Estate Sector Average
SG:JYEU
Lendlease Global Commercial REIT
0.58
0.09
18.07%
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Lendlease Global Commercial REIT Corporate Events
Lendlease Global Commercial REIT Issues Units to Pay Management and Property Fees
Jun 19, 2026
Lendlease Global Commercial REIT has issued 13,658,231 new units to satisfy management and property management fee payments for the quarters ended 30 September and 31 December 2025, instead of paying these fees in cash. The units, priced based on ...
Lendlease Global Commercial REIT Redeems S$200 Million Perpetual Securities
Jun 4, 2026
Lendlease Global Commercial REIT has fully redeemed its S$200 million 4.20% subordinated perpetual securities issued under its S$1 billion multicurrency debt issuance programme. The manager said the redemption price, including all accrued and addi...
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...
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.