Lendlease Global Commercial REIT Jem

Lendlease Global Commercial REIT has been listed among more than 200 listed ASEAN companies to be recognised for outstanding corporate governance practices.

The REIT has been included under the ACGS’ ASEAN Asset Class category, for which a score of 97.5 or more points is required, out of a maximum 130 points.

The assessment process for the ACGS is peer-reviewed and based on publicly available information and benchmarked against international best practices on corporate governance, said the REIT.

“We are honoured to be recognised for our commitment to upholding strong corporate governance standards and continuously improving our processes to elevate industry benchmarks for transparency and accountability”, said Kelvin Chow, CEO of the REIT’s manager.

“This recognition by ACGS reaffirms the efficacy of our strategy as we seek to scale new heights at the forefront of sustainability leadership and deliver sustainable value over the long term for our unitholders”, he added.

Lendlease Global Commercial REIT was last done on the Singapore Exchange at SGD0.72, which presently implies sa distribution yield of 6.74% according to data on the Singapore REITs table.

Related: Forged in calamity, Lendlease Global Commercial REIT sets sights on growth post-pandemic

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.