| Dividend Yield | 6.96% |
| P/B Ratio | 0.57 |
| Aggregate Leverage Ratio | 40.8 |
| Occupancy Rate | 92.3% |
| WALE | 4.6 year(s) |
| Interest Coverage Ratio | 1.5 times |
| Fixed Rate Debt | 70% |
| Ex-dividend Date | 13 Aug 2024 |
| Record Date | 14 Aug 2024 |
| Payout Date | 26 Sep 2024 |
| Type | Retail & Office |
Remarks
Lendlease Global Commercial REIT (LREIT) portfolio occupancy improved slightly from 89.5% to 92.3%. LREIT also achieved an excellent rental reversion rate of 10.7%.
David Ang - 4 Feb 2025LREIT has a relatively high aggregate leverage ratio of 40.8%, considering the low adjusted ICR ratio of only 1.5x. With the limit almost reached and the interest rate continuing to be higher for the foreseeable future, it will be more challenging for the REIT to maneuver and grow its DPUs in the future.
David Ang - 4 Feb 2025Lendlease Global Commercial REIT (LREIT) reported a 2H 2024 DPU of 1.80 cents (a 14.3% decline YoY).
David Ang - 4 Jan 2025Lendlease Global Commercial REIT (LREIT) will need to refinance ~22% of its debt in fiscal year FY2025. Depending on how fast the rate cut cycle is this year, the borrowing cost will likely continue to increase slightly.
David Ang - 12 Nov 2024If we include the perpetual securities, LREIT's aggregate leverage ratio is around 50%, which has already exceeded the recommended limit of 45%.
David Ang - 29 Aug 2023Geographical Exposure
| Singapore | 90% |
| Italy | 10% |
Sectoral Exposure
| Retail | 90% |
| Office | 10% |
Dividend Distribution History (DPU)
Debt Maturity Profile
In $ millions
Show debt maturity profile details
| Fiscal Year | Debt (in $ millions) | Percentage |
|---|---|---|
| FY25 | 360 | 22% |
| FY26 | 320 | 19.6% |
| FY27 | 300 | 18.3% |
| FY28 | 534 | 32.8% |
| FY29 | 120 | 7.3% |
Disclaimer: We do not guarantee the data above is accurate. The information presented here is for general information only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort. Please do your own research before investing.