CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee are upbeat on Lendlease Global Commercial REIT (LREIT) after its 2HFY2021 ended June results came in line with expectations.

See: Lendlease Global Commercial REIT posts 32.8% higher 2H21 DPU of 2.34 cents

The analysts highlight that LREIT’s stronger performance was mainly attributable to lower rental rebates provided to retail tenants at [email protected], and a stronger euro against the Singapore dollar from the property at Sky Complex. Rental reversions have also improved q-o-q, albeit still in negative territory according to the manager.

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