Lendlease Global Commercial Reit · SGX:JYEU
Lendlease Global Commercial Reit — 1Q FY2026 Earnings Presentation
29 slides from Lendlease Global Commercial Reit's earnings presentation, Oct 30, 2025
Slide 1: 1Q FY2026 Business Update
Jem Retail, Singapore 313@somerset, Singapore 1Q FY2026 Business Update 30 October 2025 Multifunctional Event Space Adjacent to 313@somerset (Artist’s impression subject to design changes) Parkway Parade, Singapore Sky Complex, Milan
Slide 2: Important Notice
Important Notice This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these risks,
Slide 3: Key Highlights
Key Highlights ’- lendlease
Slide 4: 1Q FY2026 Highlights
1Q FY2026 Business Update Lendlease Global Commercial REIT 4 1Q FY2026 Highlights Portfolio Optimisation: Jem Office Divestment expected to Complete by 12 November 2025 • Upon completion, net sales proceeds will be utilised to repay borrowings, reducing aggregate leverage to approximately 35% and br
Slide 5: Key Portfolio Metrics
1Q FY2026 Business Update Lendlease Global Commercial REIT 5 Key Portfolio Metrics Portfolio Committed Tenant Retail Rental Occupancy Sales Reversion 95.0%(1) -0.8%(2) +8.9%(3) Weighted Average Lease Tenant Office Rental Expiry Retention Uplift 7.0 years(4) 52.2%(5) 1.7%(6) (by NLA) (by NLA) (next r
Slide 6: Capital Management
Capital Management ’- lendlease
Slide 7: Capital Management
1Q FY2026 Business Update Lendlease Global Commercial REIT 7 Capital Management • Lower weighted average cost of debt on the back of the lower interest rate environment. • Upon completion of the Jem office divestment, net sales proceeds will be utilised predominantly towards repayment of borrowings,
Slide 8: Debt Facilities and Maturity Profile
1Q FY2026 Business Update Lendlease Global Commercial REIT 8 Debt Facilities and Maturity Profile • During the quarter, S$115.5 million of loans have been refinanced. For FY2026, the remaining S$200 million loan facility is due in April 2026. • As at 30 September 2025, available debt facilities are
Slide 9: Portfolio Performance
Portfolio Performance ’- lendlease
Slide 10: Healthy Leasing Momentum Across Portfolio
1Q FY2026 Business Update Lendlease Global Commercial REIT 10 Healthy Leasing Momentum Across Portfolio • Approximately 65% of the expiring leases in FY2026 were completed, driven primarily by tenants from the food & beverage, beauty & health and fashion sectors, reflecting sustained demand and conf
Slide 11: Portfolio Occupancy Strengthens in 1Q FY2026
1Q FY2026 Business Update Lendlease Global Commercial REIT 11 Portfolio Occupancy Strengthens in 1Q FY2026 • Retail malls maintained consistently high occupancy across the quarter. • Occupancy across the Milan office portfolio rose to 88.5%(1) from 81.6%, driven by active leasing efforts at Building
Slide 12: Achieved Positive Retail Rental Reversion of 8.9%
1Q FY2026 Business Update Lendlease Global Commercial REIT 12 Achieved Positive Retail Rental Reversion of 8.9%(1) • Visitation grew 7.7% year-on-year, supported by targeted initiatives and active engagement efforts. These include campaigns by Singapore government agencies and marketing activations
Slide 13: Driving Footfall with New Retail Offerings and Marketing Campaigns
1Q FY2026 Business Update Lendlease Global Commercial REIT 13 Driving Footfall with New Retail Offerings and Marketing Campaigns New Tenants Onboard 5:59+ Café & Bistro at Xiang Xiang Hunan Cuisine 313@somerset is the Moomoo, an investment is a popular restaurant chain brand's first overseas platfor
Slide 14: Sustainability
Sustainability ’- lendlease
Slide 15: Ongoing Commitment to Sustainability
1Q FY2026 Business Update Lendlease Global Commercial REIT 15 Ongoing Commitment to Sustainability • In the GRESB 2025 assessment, Lendlease REIT was awarded the Regional Sector Leader (Retail Asia (Listed)) and maintained 5 Star rating for six consecutive years since listing. It also outperformed t
Slide 16: Key Priorities
Key Priorities ’- lendlease
Slide 17: Key Priorities
1Q FY2026 Business Update Lendlease Global Commercial REIT 17 Key Priorities Execute on Our Active Capital Portfolio Strategy Management Optimisation • Explore strategic • Ongoing efforts to • Optimise portfolio opportunities to grow actively manage through further non- our Singapore interest rate r
Slide 18: Market Review
Market Review ’- lendlease
Slide 19: Market Review
1Q FY2026 Business Update Lendlease Global Commercial REIT 19 Market Review • Total retail sales, excluding motor vehicles, rose 4.6% YoY to S$3.7 billion in August. Of this, online retail accounted for 15.3%, driven by better performance in Supermarkets, Computer & Telecommunications and Furniture
Slide 20: Additional Information
Additional Information ’- lendlease
Slide 21: Portfolio composite by valuation
1Q FY2026 Business Update Lendlease Global Commercial REIT 21 Portfolio composite by valuation • Singapore accounts for approximately 89%(1) of the portfolio (by valuation). S$1.5 billion S$3.76 billion(2) 2.0 million sqft Market Capitalisation Portfolio Value Net Lettable Area 95.0%(3) 5.8%(4) 39.5
Slide 22: Our Competitive Advantage
1Q FY2026 Business Update Lendlease Global Commercial REIT 22 Our Competitive Advantage Singapore Focus Asset Quality & Long Leasehold 87%(1) of existing Precinct Dominance Tenure portfolio is in Singapore Best assets that anchor High balance tenure precincts of ~83 years(2) Operating Sponsor Suppor
Slide 23: Strong Alignment of Interest with Sponsor in Lendlease
1Q FY2026 Business Update Lendlease Global Commercial REIT 23 Strong Alignment of Interest with Sponsor in Lendlease • Lendlease Corporation’s stake in Lendlease REIT reinforces its commitment to the REIT’s long-term success and strategic direction. • Following Lendlease Group’s strategy update in M
Slide 24: Jem, a retail and office property in Singapore
1Q FY2026 Business Update Lendlease Global Commercial REIT 24 Jem, a retail and office property in Singapore One of the largest suburban malls in the West of Singapore, infusing the region with lively shopping and dining experiences. Key Statistics (as at 30 September 2025) Occupancy 100.0% 8.4 year
Slide 25: 313@somerset, a prime retail mall in Singapore
1Q FY2026 Business Update Lendlease Global Commercial REIT 25 313@somerset, a prime retail mall in Singapore A youth-oriented retail mall centrally located on Singapore’s Orchard Road shopping belt, directly connected to the Somerset MRT Station. Key Statistics (as at 30 September 2025) Occupancy 98
Slide 26: Three Grade A commercial buildings in Milan
1Q FY2026 Business Update Lendlease Global Commercial REIT 26 Three Grade A commercial buildings in Milan All three commercial buildings are LEED Gold certified, have Grade A building specifications and are designed in accordance with energy saving criteria and high use flexibility. Key Statistics (
Slide 27: Other Investments
1Q FY2026 Business Update Lendlease Global Commercial REIT 27 Other Investments 10.0% interest in Development of a multifunctional event Parkway Parade Partnership Pte. Ltd. space at Somerset Artist’s impression subject to design changes. • The investment increased Lendlease REIT’s exposure to • Con
Slide 28: Commitment Towards Sustainability
1Q FY2026 Business Update Lendlease Global Commercial REIT 28 Commitment Towards Sustainability Lendlease REIT aligns its business practices with the United Nation’s Sustainable Development Goals, integrating sustainability into its investment and management approach. • Environmental Goals: Enhance
Slide 29: Thank You
Thank You For enquiries, please contact Ling Bee Lin, Investor Relations and ESG Tel: (65) 6671 7374 / Email: enquiry@lendleaseglobalcommercialreit.com
Lendlease Global Commercial REIT — 1Q FY2026 Earnings Presentation on 6ix