Trading at around S$0.585, Lendlease Global Commercial REIT (SGX: JYEU) looks, on the numbers, like one of the more underappreciated names in the Singapore retail S-REIT space. A market-beating yield, a shrinking debt load, and accelerating rental growth don't usually coexist with a unit price sitting near the bottom of its 52-week range — yet that's the setup here. A Yield That Holds Up Well Against Retail S-REIT Peers Lendlease REIT's ("L-REIT") showed a Distribution Per Unit (DPU) of 1.85 Singapore cents, up 3.1% year-on-year. Annualised against its share price, that works out to a yield of roughly 6.3%. With both 1H and 2H financial results proving that the REIT is likely to be consistenly announing 1.85 Sg cents. For context, here's how that stacks up against the broader retail-REIT peer set: Lendlease REIT: 6.3% Suntec REIT: 5.5% Frasers Centrepoint Trust (FCT): ~5.3–5.8% CapitaLand Integrated Commercial Trust (CICT): ~5.1% Against CICT and FCT — the two largest, most liquid domestic retail landlords, and the most...