Lendlease Global Commercial REIT Likely to Purse Asset Recycling to Lower Gearing -- Market Talk

Dow Jones

2025/07/07

0217 GMT - Lendlease Global Commercial REIT is likely to pursue asset recycling to lower gearing, according to its new CEO, UOB Kay Hian's Jonathan Koh says in a research report. Management could consider divesting the JEM office in Singapore, which is fully leased to the Ministry of National Development, the analyst says. A sale of this property would reduce the REIT's aggregate leverage by an estimated 1.3 percentage points to 43.4%. However, the brokerage trims its FY 2026 distribution-per-unit forecast for the REIT by 2.6% due to "stubborn" vacancy for Building 3 at Sky Complex in Milan. It lowers the unit's target price to S$0.76 from S$0.80 with an unchanged buy rating. Units are unchanged at S$0.525. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 06, 2025 22:17 ET (02:17 GMT)

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Management could consider divesting the JEM office in Singapore, which is fully leased to the Ministry of <a href=\"https://laohu8.com/S/NHLD\">National</a> Development, the analyst says. A sale of this property would reduce the REIT's aggregate leverage by an estimated 1.3 percentage points to 43.4%. However, the brokerage trims its FY 2026 distribution-per-unit forecast for the REIT by 2.6% due to \"stubborn\" vacancy for Building 3 at Sky Complex in Milan. It lowers the unit's target price to S$0.76 from S$0.80 with an unchanged buy rating. Units are unchanged at S$0.525. 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Management could consider divesting the JEM office in Singapore, which is fully leased to the Ministry of <a href=\"https://laohu8.com/S/NHLD\">National</a> Development, the analyst says. A sale of this property would reduce the REIT's aggregate leverage by an estimated 1.3 percentage points to 43.4%. However, the brokerage trims its FY 2026 distribution-per-unit forecast for the REIT by 2.6% due to \"stubborn\" vacancy for Building 3 at Sky Complex in Milan. It lowers the unit's target price to S$0.76 from S$0.80 with an unchanged buy rating. Units are unchanged at S$0.525. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2025 22:17 ET (02:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REIT","symbol_name":"ALPS Active REIT ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2549032653","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549032653","pubTimestamp":1751854620,"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":"0217 GMT - Lendlease Global Commercial REIT is likely to pursue asset recycling to lower gearing, according to its new CEO, UOB Kay Hian's Jonathan Koh says in a research report. 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However, the brokerage trims its FY 2026 distribution-per-unit forecast for the REIT by 2.6% due to \"stubborn\" vacancy for Building 3 at Sky Complex in Milan. It lowers the unit's target price to S$0.76 from S$0.80 with an unchanged buy rating. Units are unchanged at S$0.525. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2025 22:17 ET (02:17 GMT)\n\n\n  Copyright (c) 2025 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}