Lendlease REIT's Singapore Mall Buy May Drive Growth -- Market Talk
Lendlease REIT's Singapore Mall Buy May Drive Growth -- Market Talk
0703 GMT - Lendlease Global Commercial REIT's planned acquisition of the stake inSingapore suburban mall Jem that it doesn't already own could drive growth as the country's retail sector recovers, CGS-CIMB says. The broker estimates that Jem's tenant sales volumes are already close to pre-Covid levels, and may get a further boost as the year-end holiday season kicks in. This could also have a positive knock-on effect across the REIT's leasing business in 2022, the broker says, keeping an add rating and a S$0.956 target price on Lendlease's units. They rise 0.6% to S$0.89. (yongchang.chin@wsj.com)
0703GMT-CGS-CIMB表示，隨着新加坡零售業的復甦，Lendease Global Commercial REIT計劃收購其尚未擁有的新加坡郊區購物中心Jem的股份，可能會推動增長。該經紀人估計，Jem的租户銷售量已經接近Covid之前的水平，隨着年底假期的開始，可能會得到進一步的提振。該經紀商表示，這也可能對2022年房地產投資信託基金的租賃業務產生積極的連鎖反應，保持對Lendease單位的ADD評級和0.956新元的目標價。上漲0.6%，報0.89坡元。(yongchang.chin@wsj.com)
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