Lendlease Global Commercial REIT posts 12.2% retail rental reversion

Data from Lendlease Global Commercial REIT's latest disclosure has been updated into the Singapore REITs table.

Lendlease Global Commercial REIT delivered a standout retail rental reversion of 12.2% for the year to date as at 31 March 2026, underpinned by a sharp rise in tenant sales that climbed 17.6% year on year.

However, on a like-for-like basis excluding PLQ Mall, the gain was a more modest 2.5%.

Portfolio occupancy improved to 95.3% from 94.9% in the preceding quarter, with the retail segment running at a near-full 99.7%.

The office portfolio, comprising three Grade A office buildings in Milan, held steady at 89.1%.

The weighted average lease expiry (WALE) stood at 4.7 years by net lettable area and 3.7 years by gross rental income.