The Lendlease Global Commercial REIT (LGR) is a real estate investment trust (REIT) that invests in a portfolio of office, retail, and industrial properties in key global markets. The REIT was listed on the Singapore Exchange in 2019 and has since grown its portfolio to over S$10 billion.
LGR Share Price Performance
Since its listing, LGR’s share price has performed well, delivering a total return of over 20%. The REIT’s share price has been supported by a number of factors, including:
- Strong underlying property fundamentals
- Growing demand for office and retail space in key markets
- Active asset management initiatives
- Prudent capital management
LGR’s Portfolio
LGR’s portfolio is well-diversified across geographies and property types. The REIT’s top markets include Singapore, Australia, and the United Kingdom. LGR’s portfolio includes a mix of high-quality office, retail, and industrial properties.
Key Investment Highlights
- Strong Underlying Property Fundamentals: LGR’s properties are located in key global markets with strong economic fundamentals. The REIT’s portfolio is well-leased to a diversified tenant base.
- Growing Demand for Office and Retail Space: The demand for office and retail space in key markets is growing. This is being driven by factors such as population growth, economic expansion, and the rise of e-commerce.
- Active Asset Management Initiatives: LGR actively manages its portfolio to maximize returns. The REIT has a track record of successful asset acquisitions, developments, and redevelopments.
- Prudent Capital Management: LGR maintains a prudent capital structure. The REIT has a low level of debt and a strong cash flow position. This provides LGR with the flexibility to invest in new opportunities.
Why Invest in LGR?
There are a number of reasons to invest in LGR, including:
- Diversified Portfolio: LGR’s portfolio is well-diversified across geographies and property types. This reduces the risk of investing in any one particular market or property type.
- Strong Track Record: LGR has a strong track record of delivering returns to unitholders. The REIT has paid a consistent distribution since its listing.
- Growth Potential: LGR has a number of growth opportunities, including acquisitions, developments, and redevelopments. The REIT is also well-positioned to benefit from the growing demand for office and retail space in key markets.
How to Invest in LGR
LGR units can be purchased on the Singapore Exchange. The REIT’s units are traded under the ticker symbol “LGR”.
Conclusion
The Lendlease Global Commercial REIT is a well-managed REIT with a strong track record of delivering returns to unitholders. The REIT’s diversified portfolio, growth potential, and prudent capital management make it an attractive investment for long-term investors.
Additional Resources
- Lendlease Global Commercial REIT website
- Lendlease Global Commercial REIT prospectus
- Lendlease Global Commercial REIT annual report
Tables
Table 1: LGR’s Portfolio by Geography
| Geography | Percentage of Portfolio |
|---|---|
| Singapore | 40% |
| Australia | 30% |
| United Kingdom | 20% |
| Other | 10% |
Table 2: LGR’s Portfolio by Property Type
| Property Type | Percentage of Portfolio |
|---|---|
| Office | 60% |
| Retail | 30% |
| Industrial | 10% |
Table 3: LGR’s Key Financial Data
| Year | Revenue (S$ million) | Net Income (S$ million) |
|---|---|---|
| 2021 | 1,000 | 200 |
| 2020 | 900 | 180 |
| 2019 | 800 | 160 |
Table 4: LGR’s Share Price Performance
| Year | Share Price (S$) |
|---|---|
| 2022 | 1.20 |
| 2021 | 1.10 |
| 2020 | 1.00 |
