Broker Name: Maybank Research Pte Ltd
Date of Report: March 15, 2026
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Lendlease Global Commercial REIT (LREIT) acquired 100% of PLQ Mall, a premium suburban mall in Singapore, for SGD885m, increasing its portfolio AUM to SGD4.2b and Singapore exposure to 90%. The acquisition is DPU and NAV accretive, with a 4.5% NPI yield that surpasses peers.
- Following the acquisition, LREIT expects further rental upside, cost of debt savings, and sustainable growth due to its deepened suburban footprint and strong ESG credentials. Maybank maintains a BUY recommendation and raises its target price to SGD0.74.
above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website : www.maybank.com/investment-banking
