Lendlease Global Commercial REIT property, 313@Somerset. (Photo: Lendlease Global Commercial REIT)

Data from Lendlease Global Commercial REIT’s latest disclosure is in the Singapore REITs table. Subscribers may also join a discussion thread that has been created for the REIT here.

Lendlease Global Commercial REIT (LREIT) has reported a distribution per unit (DPU) of 2.40 cents for its 1H FY2022, which represents an increase of 2.6% year-on-year.

However, the REIT’s revenue and net property income (NPI) for the period dipped by 5.8% and 2.5% to SGD39 million and SGD29.6 million respectively.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.