Basic Profile & Key Statistics Lendlease Global Commercial REIT (LREIT) invests in Retail and Office Properties. Currently LREIT only invests in 2 properties which are 313@somerset in Singapore and Sky Complex in Milan. Lease Profile Occupancy is High at 99.5%. WALE is long at 4.9 years where highest lease expiry within 5 years of 23% falls in FY 2023. Weighted average land lease expiry is long at 89.19 years. Debt Profile Gearing ratio is healthy at 35.1%. Cost if debt is very low at 0.9%, it is the second lowest for SREITs. Fixed rate debt and unsecured debt are max. at 100%. Interest cover ratio is high at 4.6 times. Weighted average debt maturity is slightly high at 3.1 years where highest debt maturity of 84.3% falls in FY2024. This posts a very concentrated debt maturity risk. Diversification Profile With only 2 properties, LREIT is hardly diversified. Its top geographical, top property, top tenant and top 10 tenants contribute high percentage at 64%, 64%, 36%, 56.6% respectively. Key Financial Metrics Property is low at 3.8%. Management fee is moderate in which unitholders receive S$7.19 for every...