Lendlease Global Commercial REIT IPO Prospectus and Summary

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Overview of Lendlease Global Commercial REIT

Lendlease Global Commercial REIT (“Lendlease Global REIT”) is a Singapore real estate investment trust (“REIT”) established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally that are used primarily for retail and/or office purposes as well as real estate-related assets in connection with the foregoing. The Manager is Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of the Sponsor

Lendlease Global Commercial REIT IPO Listing in Singapore

 

  • Type = Commercial + Retail Malls
  • Sponsor = Lendlease Corporation Limited. (Sponsor will subscribe about 27.2% of the total units.)
  • Total Units Offered = 387,474,987 units (to raise S$341.0 Million)
  • Portfolio = 1 retail property in Singapore (71.5%); 1 commercial office property (Grade A Freehold) in Milan, Italy (28.5%)
  • Portfolio Size = S$1.403 Billion
  • IPO Offer Price = S$0.88
  • NAV per unit = S$0.8134
  • Price / NAV = 1.082
  • Distribution Yield = 5.8% (2020), 6.0% (2021)
  • Distribution Policy = 100% for 2020 & 2021. At least 90% thereafter. Semi Annual Payout.
  • Occupancy Rate = 99.9%
  • WALE = 4.9 Years
  • Gearing Ratio = 36.4%
  • WADM = 3.8 Years
  • Offer Closing Date: Sep 30, 2019, 12pm
  • Listing Date: Oct 2, 2019, 2pm
  • Lendlease Global Commercial REIT IPO Prospectus

PORTFOLIO

 

TENANT / SECTOR DIVERSIFICATION

LEASE EXPIRY PROFILE

INCOME PROJECTION

TRUST STRUCTURE

INDICATIVE TIME TABLE

 

Compare to other Singapore REITs here.

 

If you need an independent professional review on your current REIT portfolio and need any recommendation, you may engage me in the REIT portfolio Advisory. REITs Portfolio Advisory.  https://mystocksinvesting.com/course/private-portfolio-review/

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Singapore REIT Bubble Charts September 2019

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Bubble charts derived from Sept 6, 2019 Singapore REITs Fundamental Comparison Table. No significant changes compared to last Bubble Charts.

(1) Big cap REIT remains expensive and value picks remains at small and medium cap REIT. Some small cap REITs start to move. Note: Distribution yield is lagging.

(2) There are no significant changes in gearing ratio.

These Bubble Charts are used to show the “relative” position compare to other Singapore REITs.

Two visual bubble charts to pick and avoid:

  1. Undervalue Singapore REITs with High Distribution Yield** (Value Pick)
  2. Overvalue Singapore REITs with High Gearing Ratio (Risk Avoidance)

** Distribution Yield are lagging.

Compared to previous Singapore REIT Bubble Charts here.

 

Disclaimer: The analysis is for Author own use and NOT to be used as Buy / Sell recommendation. Get a proper training on “How to use this Singapore REIT Bubble Charts?” here. Next REIT Course is on Sept 21, 2019. Registration detail can be found in the following link. https://mystocksinvesting.com/course/singapore-reits-investing/

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Singapore REIT Price / NAV Range Chart September-2019

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Singapore REIT Price / NAV Range Chart base on Sept 6,  2019 Singapore REITs Table.

 

See last Singapore REITs Price/NAV here to see the changes.

Disclaimer: This chart is NOT a recommendation to buy or sell. Do NOT use it if you don’t understand how to interpret it.

 

 

Check below on other events:

https://mystocksinvesting.com/course/singapore-reits-investing/REITs Investing Course 

https://mystocksinvesting.com/course/private-portfolio-review/REITs Portfolio Advisory 

https://mystocksinvesting.com/events/

Continue ReadingSingapore REIT Price / NAV Range Chart September-2019