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Lendlease-sponsored Singapore REIT owning the 313@Somerset retail mall and the Sky Complex office property in Milan.
Lendlease-sponsored Singapore REIT owning the 313@Somerset retail mall and the Sky Complex office property in Milan.
Collects rent from shops at 313@Somerset, often partly tied to tenants' sales, and from office tenants at Sky Complex in Milan, with the euro income exposed to currency swings against the Singapore dollar. It passes most income to unitholders, and sponsor Lendlease can offer it first pick of future assets.
In one line: A Lendlease-sponsored Singapore retail/office REIT.
Moat: narrow (installed base). Prime Orchard Road retail asset plus a European office asset, backed by the Lendlease sponsor pipeline.
Headquarters: Singapore · Founded: 2019 · Employees: 105
Size Lendlease Global Commercial REIT (JYEU.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $1.44B, the 59th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.55 on 6 Nov 2026.
Performance Over six months the shares fell 2.6%, against -5.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +3.0%); the operating margin is 66.9% (peer median 47.1%).
Valuation It trades at 16.1× forward earnings against a peer median of 16.2× (8th cheapest of 16).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | S$215M | S$215M | S$207M | S$222M | S$206M |
| Revenue growth | — | +4% | -7% | +8% | — |
| Gross profit | S$135M | S$135M | S$130M | S$146M | S$135M |
| EBITDA | S$144M | S$144M | S$100M | S$132M | S$133M |
| Net income | S$107M | S$107M | S$52.4M | S$58.2M | S$99.9M |
| Free cash flow | S$121M | S$121M | S$114M | S$81.5M | S$121M |
| Capital expenditure | S$25,000 | S$25,000 | S$82,000 | S$0 | S$162,000 |
| Total debt | n/a | S$1.92B | S$1.96B | S$1.94B | S$1.91B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lendlease Global Commercial REIT JYEU.SI | $1.44B | -3% | +4% | 67% | 16.1× | n/a |
| Frasers Centrepoint Trust J69U.SI | $3.43B | -5% | +16% | 62% | 17.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JYEU.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.9% | +0.1% | 10th highest of 21 |
| 6-month return | -2.6% | -5.8% | 6th highest of 21 |
| Distance from 52-week high | -16.4% | -17.8% | 10th highest of 21 |
| Revenue growth (TTM) | +3.6% | +3.0% | 10th highest of 20 |
| Operating margin | 66.9% | 47.1% | 5th highest of 20 |
| Forward P/E | 16.1× | 16.2× | 8th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 67% | 16.1× | n/a | n/a |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | 46% | n/a | n/a | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 28% | 17.3× | n/a | n/a |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 51% | 20.9× | n/a | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 81% | 5.9× | n/a | n/a |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 16% | n/a | n/a | n/a |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 28% | 14.6× | n/a | n/a |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 24.8× | n/a | n/a |
| Ingenia Communities INA.AX | Australia | $1.48B | +36% | +8% | 29% | 14.4× | n/a | n/a |
| MORI TRUST REIT.Inc 8961.T | Japan | $1.48B | -13% | -14% | 64% | 18.0× | n/a | n/a |
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 73% | 16.2× | n/a | n/a |
| Killam Apartment REIT KMP-UN.TO | Canada | $1.51B | -3% | +5% | 63% | 11.0× | n/a | n/a |
| Innovative Industrial Properties IIPR | United States | $1.51B | -4% | -4% | 47% | 13.4× | n/a | n/a |
| Japan Logistics Fund 8967.T | Japan | $1.52B | -8% | +3% | 53% | 21.0× | n/a | n/a |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 54% | 18.9× | n/a | n/a |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 35% | n/a | n/a | n/a |
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 41% | n/a | n/a | n/a |
| Supermarket Income REIT SUPR.L | United Kingdom | $1.54B | +4% | -7% | 81% | 13.3× | n/a | n/a |
| Esr-reit 9A4U.SI | Singapore | $1.33B | -14% | +5% | 71% | 10.6× | n/a | n/a |
| American Assets Trust AAT | United States | $1.32B | +2% | -8% | 24% | 59.8× | n/a | n/a |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | 35% | n/a | n/a | n/a |