Lendlease Global Commercial REIT
SSGX:JYEU0.55
SGD
+0.02
(+3.77%)
ISIN
SGXC61949712
Return %
Stock
S&P 500
1Y
-15.12
14.39
3Y
11.46
81.42
5Y
-35.38
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
SGD
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in mil. unless spec.Semi-annual Earnings Per Share
SGD
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in mil. unless spec.Semi-annual Dividends Per Share
SGD
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in mil. unless spec.Company Description
- CEO
- Guy Alexander Cawthra
- Full Time Employees
- 105
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 2 Tanjong Katong Road, #05-01 Singapore CE Singapore 437161
- IPO Date
- Oct 2, 2019
- Similar Companies
- Business
- Lendlease Global Commercial REIT (LREIT) is a Singapore-based real estate investment trust listed on the Singapore Exchange under the ticker JYEU.SI that invests, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and office purposes; its core portfolio comprises leasehold interests in Jem, a mixed office and retail property in Singapore, and 313@somerset, a prime retail mall in Orchard Road, Singapore; a freehold interest in Sky Complex, comprising three Grade A office buildings in Milan, Italy; and a 10% stake in Parkway Parade Partnership Pte. Ltd., which holds interests in Parkway Parade, a prominent office and retail property in Singapore; it also pursues complementary real estate-related assets, including the development of a multifunctional event space adjacent to 313@somerset. LREIT operates predominantly in Singapore and Italy, targeting institutional and retail investors seeking stable distributions from high-quality commercial properties with long weighted average lease expiries of approximately 7.2 years by net lettable area and strong occupancy rates exceeding 92%; headquartered in Singapore and managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of its global sponsor Lendlease, the REIT was listed on 2 October 2019 with an initial appraised portfolio value that has grown to S$3.76 billion as at 30 June 2025 across approximately 2.0 million square feet of net lettable area. Recent major changes include the post-financial year-end agreement to divest the Jem office component to an unrelated third party for S$462 million to reduce leverage from 42.6% to approximately 35% and strengthen its capital structure with enhanced financial flexibility; in November 2025, LREIT agreed to acquire a 70% indirect stake in PLQ Mall, a 99-year leasehold suburban retail asset in Singapore's Paya Lebar Quarter with 317,350 square feet of net lettable area, for an equity consideration of approximately S$234.3 million at a 4.5% NPI yield, expected to boost distribution per unit by 2.5% immediately and elevate total assets to S$3.9 billion with Singapore exposure at 89% upon completion alongside the Jem divestment; the acquisition was supported by a successful private placement raising S$280 million, upsized from an initial S$270 million due to strong investor demand.