Lendlease Global Commercial REIT Set to Benefit From Mall Acquisition -- Market Talk

Dow Jones

8 hours ago

0617 GMT - Lendlease Global Commercial REIT stands to benefit from the acquisition of 100% stake in PLQ Mall in Singapore, Maybank Research's Liu Miaomiao says. The deal is pro-forma accretive to the REIT's distribution per unit and net asset value, while the 4.5% net property income yield exceeds that of peers, the analyst says in a research report. Further rental adjustment upside from the mall's ongoing reconfiguration is expected, and downtime should be minimal as work will be phased and rotated. With full ownership, the REIT can refinance at a lower rate, translating to around 40bps interest savings. Maybank Research raises the unit's target price to S$0.74 from S$0.71 with an unchanged buy rating. Units are unchanged at S$0.555. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 16, 2026 02:17 ET (06:17 GMT)

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The deal is pro-forma accretive to the REIT's distribution per unit and net asset value, while the 4.5% net property income yield exceeds that of peers, the analyst says in a research report. Further rental adjustment upside from the mall's ongoing reconfiguration is expected, and downtime should be minimal as work will be phased and rotated. With full ownership, the REIT can refinance at a lower rate, translating to around 40bps interest savings. Maybank Research raises the unit's target price to S$0.74 from S$0.71 with an unchanged buy rating. Units are unchanged at S$0.555. 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The deal is pro-forma accretive to the REIT's distribution per unit and net asset value, while the 4.5% net property income yield exceeds that of peers, the analyst says in a research report. Further rental adjustment upside from the mall's ongoing reconfiguration is expected, and downtime should be minimal as work will be phased and rotated. With full ownership, the REIT can refinance at a lower rate, translating to around 40bps interest savings. Maybank Research raises the unit's target price to S$0.74 from S$0.71 with an unchanged buy rating. Units are unchanged at S$0.555. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 16, 2026 02:17 ET (06:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JYEU.SI","symbol_name":"Lendlease Reit","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2619431440","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619431440","pubTimestamp":1773641820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0617 GMT - Lendlease Global Commercial REIT stands to benefit from the acquisition of 100% stake in PLQ Mall in Singapore, Maybank Research's Liu Miaomiao says. The deal is pro-forma accretive to the REIT's distribution per unit and net asset value, while the 4.5% net property income yield exceeds that of peers, the analyst says in a research report. Further rental adjustment upside from the mall's ongoing reconfiguration is expected, and downtime should be minimal as work will be phased and rotated. With full ownership, the REIT can refinance at a lower rate, translating to around 40bps interest savings. Maybank Research raises the unit's target price to S$0.74 from S$0.71 with an unchanged buy rating. Units are unchanged at S$0.555. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JYEU.SI":"Lendlease Reit","BK6512":"房地产股","BK6142":"多户式住宅房地产信托","REIT":"ALPS Active REIT ETF","CFA.SI":"NikkoAM-STC Asia REIT","BK6137":"零售房地产信托","BK6011":"零售业房地产投资信托","8C8U.SI":"Cent Accom REIT"},"translate_title":"Lendlease全球商业房地产投资信托基金将从购物中心收购中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1.5,"JYEU.SI":1.5,"8C8U.SI":1.5,"CFA.SI":1.5},"content_text":"0617 GMT - Lendlease Global Commercial REIT stands to benefit from the acquisition of 100% stake in PLQ Mall in Singapore, Maybank Research's Liu Miaomiao says. The deal is pro-forma accretive to the REIT's distribution per unit and net asset value, while the 4.5% net property income yield exceeds that of peers, the analyst says in a research report. Further rental adjustment upside from the mall's ongoing reconfiguration is expected, and downtime should be minimal as work will be phased and rotated. With full ownership, the REIT can refinance at a lower rate, translating to around 40bps interest savings. Maybank Research raises the unit's target price to S$0.74 from S$0.71 with an unchanged buy rating. Units are unchanged at S$0.555. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 16, 2026 02:17 ET (06:17 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}