Basic Profile & Key Statistics Lendlease Global Commercial REIT (LREIT) invests in Retail and Office properties and owns 2 properties in Singapore and Italy.
Performance Review Gross revenue, NPI, distributable income and DPU increased YoY by 3.2%, 1.6%, 1.4% and 0.8% respectively. However, note that the 1H FY2020 is based on annualized results from 2 October 2019 to 30 June 2020 and then deducting for the results from 1 January 2020 to 30 June 2020. Due to the income drop between Apr to June 2020, the figure shown is lower than the annualized figure for the period of 2 October 2019 to 31 December 2019. Tenant sales recovered to 73.4% of pre-COVID level despite traffic recovered only to 61.4%.
LREIT has acquired a 5.0% stake in Lendlease Asian Retail Investment Fund 3 Limited which holds a 75.0% indirect interest in JEM in October. The authorities have handed over grange...