Lendlease Global Commercial REIT's Balance Sheet Could Support Further Mall Buy -- Market Talk

Dow Jones
02/16

0335 GMT - Lendlease Global Commercial REIT's optimized balance sheet could enable it to buy the remaining stake in a Singapore mall, says DBS Group Research's Geraldine Wong in a note. She reckons the mall's changing tenant composition to support its rent increases, and views the potential acquisition of the remaining interest positively. The analyst expects lower utility contracts and capex to buoy its margins. DBS projects the REIT's FY 2026 and FY 2027 distribution per unit at S$0.0365 and S$0.0401, respectively, which translates to attractive yields of 5.8% in FY 2026 and 6.5% in FY 2027. Lendlease Global Commercial remains one of DBS's top sector picks this year, and the bank retains its buy rating and S$0.75 target price. Units are flat at S$0.625.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 15, 2026 22:35 ET (03:35 GMT)

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