CGS-CIMB Research is maintaining its “add” or “buy” call and target price of 85.4 cents on Lendlease Global REIT (LREIT). 

This is expected to give the counter a 27.4% upside from its 67 cent price on October 1, analysts Eing Kar Mei and Darren Ong say.

“We believe LREIT is a domestic recovery proxy following the Covid-19 outbreak, and we continue to like the income stability provided by the long lease structure of Sky Complex and annual rent escalation from >90% of its Net Lettable Area (NLA),” they elaborate.

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