Lendlease Global Commercial REIT

JYEU.SI : Singapore Exchange

0.600

+1.69%

Share Price in SGD. As of 26 Jul 17:04:43 SGT

All

Chart

Key stats

  • 52-Week High
    SGD 0.685
  • 52-Week Low
    SGD 0.490
  • Market Cap
    SGD 1.4B
  • Avg Volume
    4.9M
  • P/E Ratio (TTM)
    20.00
  • Forward Dividend Yield
    6.7%

Share Price Performance

JYEU.SI
Market
1 Day 1.69% 0.24%
5 Day 0.84% -0.31%
1 Month 7.14% 2.49%
6 Month -3.23% 9.02%
YTD -6.25% 6.08%
1 Year 10.09% 6.50%
5 Year -33.50% 9.82%
Include dividend return
Beansprout Analysis

Beansprout's Checklist

Fundamental
  • Occupancy Rate of 90.0% is lower than sector average of 93.3%

  • Net property income yield of 4.23% is lower than its dividend yield of 6.7%

Financial
  • Gearing Ratio of 0.40x is lower than sector average of 0.40x

  • Interest Coverage Ratio of 3.4x is above 2.5x

  • Net Book Value of $0.79 is higher than its net book value of $0.78 in the previous year

Valuation
  • Dividend Yield of 6.7% is lower than sector average of 7.8%

  • Distribution per unit growth is -3.09%

  • Price to Book of 0.78x is higher than sector average of 0.65x

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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Price Target: $0.760

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 27 Jul 2024

Analyst Ratings

  • CGS-CIMB

    02 Feb 2024

    Add

    0.830

  • DBS Research

    30 May 2024

    Buy

    0.900

  • Maybank Research

    07 May 2024

    Buy

    0.700

  • Phillip Securities

    07 May 2024

    Buy

    0.830

  • UOB Kay Hian

    06 Jun 2024

    Buy

    0.900

    (prev 0.960)

Analyst Reports

Valuation

Price to book (P/B) ratio

Current P/B
0.8
Historical Average P/B
0.9

Lendlease Global Commercial REIT's current P/B ratio of 0.8x is lower than its historical average P/B ratio of 0.9x.

Earnings

Earnings Highlights

3rd Quarter FY2024 Business Update

  • Portfolio Occupancy: 88.8%

    This is mainly attributed to the positive leasing momentum of Sky Complex (Building 3), where approximately 8.1% of the NLA was committed during the quarter.

  • Rental Reversion: 15.3%

  • Leverage/Gearing: 41%

Earnings per share (EPS)

The latest earnings per share is $0.04, which is lower than the earnings per share of $0.10 in 2022.

Financials

Financial Statements

05 Jul 2024

Full Yearly Results

For period ending 30 Jun 2024

01 Feb 2024

Half Yearly Results

For period ending 31 Dec 2023

07 Aug 2023

Full Yearly Results

For period ending 30 Jun 2023

Annual Reports

29 Sep 2023

Annual Report

For period ending 30 Jun 2023

News
Profile

Company Description

Lendlease Global Commercial REIT is a Singapore REIT, established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes, as well as real estate-related assets in connection with the foregoing. Lendlease Global Commercial Trust Management Pte. Ltd. is the manager of Lendlease Global Commercial REIT.

FAQ

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