With the Coronavirus vaccine being widely distributed across the world, we can expect the global economy to start recovering in 1H2021. As such, investors are starting to look at retail and commercial REITs to ride the recovery trend as the economy bounces back. Lendlease REIT is one that has definitely gathered a ton of attention recently with its share price rallying over 10% the past month. Without further ado, let’s get started. Portfolio Overview Lendlease REIT has a total of 2 assets in its portfolio, one in Singapore and one in Milan. Its Singapore asset, 313@somerset, is a very well-known shopping mall in Singapore, located at the heart of Singapore. The asset is a 99-year leasehold and has a decent valuation cap rate of 4.25%. Its occupancy rate fell by 1.4% as compared to its last 2 quarters but still holds strong at 97.8%. Its Milan asset, Sky Complex, is a Grade-A Office,...