Lendlease REIT entered an agreement to divest Jem office for S$462.0 million post financial year end. This move will strengthen the REIT’s capital structure and position it for future growth. DPU for 2H FY2025 increased by 1.8% YoY to 1.80 cents. Cost of debt for the year is at 3.46% per annum.

The portfolio valuation of Lendlease REIT increased by 2.2% YoY, supported by positive performance of Singapore assets. Retail rental reversion saw a positive growth of 10.2%, while Milan’s commercial Building 1 and 2 experienced a rental uplift of 1.7%. The REIT’s occupancy rate was 92.1% as of June 2025.

Gross revenue and NPI for FY2025 were lower YoY due to lease restructuring impacts. DPU for 2H FY2025 grew by 1.8% YoY. Lendlease REIT’s gross borrowings were S$1,664.3 million with a weighted average debt maturity of 2.6 years. Approximately 68% of the borrowings are hedged to fixed rates.

Lendlease REIT’s portfolio valuation increased by 2.2% YoY, driven by positive performance of Singapore assets. The retail portfolio saw a 10.2% rental reversion, while Milan’s commercial Building 1 and 2 achieved a 1.7% uplift. Occupancy rate stood at 92.1% as of June 2025.

Read more at GlobeNewswire: Lendlease Global Commercial REIT Reports 1.8% Year-on-Year