Lendlease REIT

A

Andrew833

Arch-Supremacy Member
Joined
Apr 7, 2017
Messages
17,454
Reaction score
6,058
Break IPO price $0.88, now $0.885, going strongly. Those of you still holding, huat ah!
 
A

Andrew833

Arch-Supremacy Member
Joined
Apr 7, 2017
Messages
17,454
Reaction score
6,058
2020 - 3 cents
2021 Feb - 2.3 cents
2021 Aug - 2.34 cents
Congratulation to those that still holding. :love:
 
A

Andrew833

Arch-Supremacy Member
Joined
Apr 7, 2017
Messages
17,454
Reaction score
6,058
boliao123 said:
is me or does the purchase price of JEM seem to be "very very" fairly valued?
Click to expand...
The manager attributed this rise to the lower rental waivers granted to tenants at 313@somerset as the economy reopens, as well as higher revenue from its Sky Complex development in Milan due to foreign exchange.

JEM just 5%, the rest of the % is not add in yet.
 
addict951

addict951

High Honorary Member
Joined
Feb 12, 2002
Messages
188,286
Reaction score
20,520
Just hold hor, no need scare one. Above MRT + HDL = HUAT
My Maple Com & Ind held since IPO (added more since) made me a fairly 'rich' man. :o
My Maple Log bot since 2010 held until now my cost is $0.00 riao factoring in all cds and paper +.
+ many other reits.
I nao rely on cds to 过活. Celery put aside for leetirement. :s12:
 
Paul Lee

Paul Lee

Supremacy Member
Joined
Jan 1, 2000
Messages
5,677
Reaction score
168
I rem applying for Lendlease during its IPO but did not get any. So even though it went quite a bit underwater in the months following the IPO, I was not really interested to scoop up some from the market.

Lendlease reminds me a lot of Starhill Gbl. It has stakes (at the time of listing) in 2 of the most prominent malls in Orchard. But it has continually flattered to deceive and its performance was always not up to expectations. Nonetheless, I continued to remain vested and added more since IPO and now it's one of the few 'zero cost' stocks in my portfolio. (ie. distributions collected > total cost of stock)

Like Starhill, Lendlease owes stakes in 2 of the most exciting malls in Spore - 313 and Jem. But its portfolio is an eclectic mix and seems unfocused and confusing to some.

Still, there is no doubt the REIT definitely has potential. And with its stock price recovering back to IPO level, it may be time to take another look. (Not Vested)
 
addict951

addict951

High Honorary Member
Joined
Feb 12, 2002
Messages
188,286
Reaction score
20,520
Paul Lee said:
I rem applying for Lendlease during its IPO but did not get any. So even though it went quite a bit underwater in the months following the IPO, I was not really interested to scoop up some from the market.

Lendlease reminds me a lot of Starhill Gbl. It has stakes (at the time of listing) in 2 of the most prominent malls in Orchard. But it has continually flattered to deceive and its performance was always not up to expectations. Nonetheless, I continued to remain vested and added more since IPO and now it's one of the few 'zero cost' stocks in my portfolio. (ie. distributions collected > total cost of stock)

Like Starhill, Lendlease owes stakes in 2 of the most exciting malls in Spore - 313 and Jem. But its portfolio is an eclectic mix and seems unfocused and confusing to some.

Still, there is no doubt the REIT definitely has potential. And with its stock price recovering back to IPO level, it may be time to take another look. (Not Vested)
Click to expand...
Paul, got one very distinct difference between both reits hor
313 got Temasick stake while Starhill is controlled by a rich family up north. :look:
I think Starhill is comparable toFar east malls (family-controlled).
 
A

Andrew833

Arch-Supremacy Member
Joined
Apr 7, 2017
Messages
17,454
Reaction score
6,058
Paul Lee said:
I rem applying for Lendlease during its IPO but did not get any. So even though it went quite a bit underwater in the months following the IPO, I was not really interested to scoop up some from the market.

Lendlease reminds me a lot of Starhill Gbl. It has stakes (at the time of listing) in 2 of the most prominent malls in Orchard. But it has continually flattered to deceive and its performance was always not up to expectations. Nonetheless, I continued to remain vested and added more since IPO and now it's one of the few 'zero cost' stocks in my portfolio. (ie. distributions collected > total cost of stock)

Like Starhill, Lendlease owes stakes in 2 of the most exciting malls in Spore - 313 and Jem. But its portfolio is an eclectic mix and seems unfocused and confusing to some.

Still, there is no doubt the REIT definitely has potential. And with its stock price recovering back to IPO level, it may be time to take another look. (Not Vested)
Click to expand...
I also vested in Starhill before but the performance not that outstanding.
Don't have good sponsor with pipeline of properties for REITs to acquire.
In covid period, still holding shopping malls in orchard, no changes all.
Divest but good for dividend.

Lendlease REITs price was below IPO.
Have good sponsor with pipeline of properties for REITs to acquire.
313 also in orchard but hot spot for youngster
Jem, hotspot for ppl in Jurong area. From 0% to 5% to 14% (if I rem correctly)
Vested
 
Shion

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
375,341
Reaction score
121,855

Lendlease Global Reit posts portfolio occupancy of 99.8% for Q1; raises stake in Jem​


https://www.businesstimes.com.sg/co...o-occupancy-of-998-for-q1-raises-stake-in-jem
SINGAPORE-listed Lendlease Global Commercial Reit (Lendlease Global Reit) posted a portfolio occupancy of 99.8 per cent for its first quarter ending Sep 30, 2021.

In a business update on Friday (Nov 5), the manager of the Reit (real estate investment trust) said for Q1 FY2022 the weighted average lease expiry (WALE) is "long" at 8.5 years by net lettable area (NLA), and 4.4 years by gross rental income (GRI).

Lendlease Global Reit intends to make distributions to unitholders semi-annually and will distribute at least 90 per cent of its adjusted net cash flow from operations for each financial year. The actual level of distribution will be determined at the manager's discretion.

During the quarter, Lendlease Global Reit had also completed the acquisition of an additional stake in Jem, a suburban mall in Jurong East, to reach a 31.8 per cent stake in the mall.

"The acquisition has increased its exposure in the resilient suburban retail segment and is expected to bring stable income to Lendlease Global Reit unitholders," the manager noted.

In the coming months, Jem will welcome coffee brands Huggs Collective and Flash Coffee, and new-to-market food and beverage concept store, Coco.cado. As part of Lendlease's proactive asset management strategy to improve asset returns, enhancement works were carried out to create additional leasable space to unlock value at Jem, pointed out the manager.

Occupancy rate for 313@somerset was at 98.9 per cent with a tenant retention rate of 90 per cent as at Sep 30, 2021. The performance was driven by the manager's proactive leasing strategy which focuses on tenant retention and refreshed new offerings to rejuvenate the mall, the manager highlighted.

New tenants brought onboard the mall include Marks & Spencer, Miniso, Playmade and Super Coconut.

Tenant sales for the Reit continued to improve 14.1 per cent year on year to S$118.1 million in the first 9 months of 2021, despite Covid-19 restrictions, the manager said.

Gross borrowings were S$677.6 million as at Sep 30, 2021 with a gearing ratio of 34.3 per cent. The Lendlease group and Lendlease Global Reit have undrawn debt facilities of S$137.2 million-equivalent multicurrency to fund its working capital.

The weighted average debt maturity was 2.3 years with a weighted average running cost of debt of 0.9 per cent per annum.

Lendlease Global Reit also has a interest coverage ratio of 8.8 times, which will provide ample buffer from the debt covenant of 2 times, the manager noted.

All of Lendlease Global Reit's debt are unsecured, ensuring that it has balance sheet flexibility, the manager added.

"We are confident that Lendlease Global Reit's portfolio is well-positioned to navigate through the Covid-19 challenges anchored through its high occupancy, long WALE and minimal expiries in FY2022," said Kelvin Chow, chief executive officer of the manager.

Units of the counter closed 0.6 per cent or S$0.005 higher at S$0.885 on Wednesday (Nov 3).
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top