Home Capital Results

Lendlease Global Commercial REIT posts 4Q DPU of 0.48 cents, 62.7% lower than IPO forecast

Felicia Tan
Felicia Tan8/11/2020 08:18 AM GMT+08  • 2 min read
Lendlease Global Commercial REIT posts 4Q DPU of 0.48 cents, 62.7% lower than IPO forecast
This translates to an annualised distribution yield of 2.19%, 3.7 percentage points lower than its IPO forecast of 5.86%.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Lendlease Global Commercial REIT (LREIT) has reported a distribution per unit (DPU) of 0.48 cents for 4Q20 ended June, 62.7% below its IPO forecast of 1.28 cents. The lower-than-forecasted DPU was mainly due to the rent waivers given to the REIT’s retail tenants.

Distributable income for the quarter came in at $5.7 million, 62.2% lower than its IPO forecast of $15.1 million.

This translates to an annualised distribution yield of 2.19%, 3.7 percentage points lower than its IPO forecast of 5.86%.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.