0255 GMT - Lendlease Global Commercial REIT stands to benefit from declining interest rates in Singapore, Maybank Research's Krishna Guha says in a report. The three-month Singapore overnight rate average and the 10-year government bond yield have fallen markedly over the past quarter, which helps reduce Lendlease Global's financing costs and boost its fair value, the analyst says. Also, retail sales and visitor arrivals in Singapore are rebounding, which should support occupancy and rent renewals for the REIT's malls. Maybank Research raises its rating on Lendlease Global to buy from hold and its target price to S$0.69 from S$0.57. Units are 0.8% lower at S$0.645. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 06, 2025 22:55 ET (02:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.