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Lendlease Global Commercial REIT (JYEU) AI Stock Analysis

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SG:JYEU

Lendlease Global Commercial REIT

(SGX:JYEU)

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Rating:68Neutral
Price Target:SGD 0.64â–²(17.06% Upside)
Action:reiterated
Date:08/09/26

The score is primarily supported by steady financial performance with improved leverage versus prior peaks and consistent positive free cash flow, but tempered by earnings volatility and relatively weak cash-flow-to-debt coverage. Valuation is helped by a strong dividend yield, while technicals are neutral with only modest momentum and the price still below the 200-day average.

Positive Factors
Recurring Revenue StabilityThe return to revenue growth supports the REIT’s recurring leasing model and indicates that its commercial properties continue to generate relatively stable income over the medium term.
Negative Factors
Weak Debt CoverageOperating cash flow covers only a limited portion of total debt, leaving the REIT more exposed to refinancing needs and interest-rate changes that could pressure distributions and financial flexibility.

Lendlease Global Commercial REIT (JYEU) vs. iShares MSCI Singapore ETF (EWS)

-20%-10%0%10%20%30%SG:JYEU-8.40%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 1.82B
Dividend Yield
6.79%
Average Volume (3M)
15.66M
Price to Earnings (P/E)
14.7
Beta (1Y)
0.41
Revenue Growth
3.58%
EPS Growth
71.30%
Country
Singapore
Employees
69
Sector
Real Estate
Sector Strength
65
Industry
REIT - Diversified

Lendlease Global Commercial REIT Business Overview & Revenue Model

Company Description

Launched on October 2, 2019, Lendlease Global Commercial REIT (LREIT) was created with a core strategy: to invest, either directly or indirectly, in a diverse range of stable, revenue-generating real estate assets worldwide. These properties are prim...

How the Company Makes Money

The REIT makes money primarily by earning property income from its commercial real estate portfolio. Its key revenue stream is recurring rental income paid by tenants under lease agreements for office and retail/commercial space, which may include ba...

Lendlease Global Commercial REIT Financial Statement Overview

Summary

Income statement is solid (74) with stable revenue and generally strong profitability, but multi-year earnings volatility lowers confidence in durability. Balance sheet is acceptable (67) with improved leverage versus 2023, though debt rose again in 2026 and ROE remains modest. Cash flow is positive (63) and aligns with earnings, but operating cash flow covers a relatively small portion of total debt, increasing refinancing/interest-rate sensitivity.

Income Statement

74Positive

Balance Sheet

67Positive

Cash Flow

63Positive
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue214.85M214.85M206.54M220.91M205.52M101.66M
Gross Profit135.07M135.10M127.49M149.86M135.13M70.87M
EBITDA177.04M177.02M139.09M134.28M131.94M161.39M
Net Income121.43M121.43M70.89M77.18M99.57M141.93M
Balance Sheet
Total Assets4.39B4.39B3.91B3.83B3.83B3.70B
Cash, Cash Equivalents and Short-Term Investments68.64M68.64M41.59M34.12M54.22M49.23M
Total Debt1.92B1.92B1.64B1.54B1.91B1.45B
Total Liabilities1.81B1.81B1.76B1.62B2.00B1.52B
Stockholders Equity2.58B2.58B2.15B2.21B1.83B2.17B
Cash Flow
Free Cash Flow121.31M121.31M147.40M121.16M120.56M90.75M
Operating Cash Flow121.31M121.31M162.65M128.81M120.72M95.23M
Investing Cash Flow155.67M155.67M-11.16M475.00K-93.36M-1.85B
Financing Cash Flow-248.08M-248.08M-145.01M-149.26M-22.21M1.55B

Lendlease Global Commercial REIT Technical Analysis

Technical Analysis SentimentNegative
Last Price0.55

Price Trends

50DMA0.55Negative
100DMA0.55Negative
200DMA0.56Negative

Market Momentum

MACD-0.00Negative
RSI49.21Neutral
STOCH57.14Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:JYEU, the sentiment is Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.54, below the 50-day MA of 0.55, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:JYEU.

Lendlease Global Commercial REIT Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

SG:JYEU against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:T82USG:T82U76OutperformSGD 4.00B12.935.19%5.97%1.18%―
SG:K71USG:K71U72OutperformSGD 4.06B7.208.46%6.28%5.35%176.77%
SG:C38USG:C38U70OutperformSGD 18.18B14.107.40%4.66%5.37%19.25%
SG:TS0USG:TS0U69NeutralSGD 1.86B55.831.12%7.49%6.52%―
SG:JYEUSG:JYEU68NeutralSGD 1.82B14.695.19%6.79%3.58%71.30%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
SG:N2IUSG:N2IU61NeutralSGD 6.08B23.962.75%6.89%-4.51%-63.33%

* Real Estate Sector Average

Performance Comparison

-20%-10%0%10%20%SG:JYEUSG:K71USG:C38USG:N2IUSG:T82USG:TS0UDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:JYEU and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:JYEULendlease Global Commercial REIT0.55-0.06-10.51%
SG:K71UKeppel0.81-0.19-19.15%
SG:C38UCapitaLand Integrated Commercial Trust2.280.031.38%
SG:N2IUMapletree Pan Asia Commercial Trust1.15-0.27-18.79%
SG:T82USuntec Real Estate Investment Trust1.350.086.55%
SG:TS0UOUE Commercial Real Estate Investment Trust0.340.014.04%

Lendlease Global Commercial REIT Corporate Events

Lendlease Global Commercial REIT Secures Tax Ruling on S$120m Perpetual Securities

Aug 11, 2026

Lendlease Global Commercial REIT has secured an advance tax ruling from the Inland Revenue Authority of Singapore on its S$120 million 4.28% perpetual securities issued under its S$1 billion multicurrency debt issuance programme. The securities will...

Lendlease Global Commercial REIT Restructures PLQ Mall Holding for Tax Transparency

Jul 8, 2026

Lendlease Global Commercial REIT has converted its indirect wholly owned subsidiary Milano Central Pte. Ltd., which holds PLQ Mall, into a limited liability partnership named PLQM LLP in accordance with Singapore’s Limited Liability Partnership...

Lendlease Global Commercial REIT Refreshes Board Leadership and Governance Structure

Jun 30, 2026

Lendlease Global Commercial REIT has reshaped its board leadership, appointing existing non-independent non-executive director Penelope Jane Ransom as chairperson of the board and member of the Audit and Risk Committee, succeeding Justin Marco Gabban...

Lendlease Global Commercial REIT Issues Units to Pay Management and Property Fees

Jun 19, 2026

Lendlease Global Commercial REIT has issued 13,658,231 new units to satisfy management and property management fee payments for the quarters ended 30 September and 31 December 2025, instead of paying these fees in cash. The units, priced based on vol...

Lendlease Global Commercial REIT Redeems S$200 Million Perpetual Securities

Jun 4, 2026

Lendlease Global Commercial REIT has fully redeemed its S$200 million 4.20% subordinated perpetual securities issued under its S$1 billion multicurrency debt issuance programme. The manager said the redemption price, including all accrued and additio...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 09, 2026