Lendlease Global Commercial Reit · SGX:JYEU
Lendlease Global Commercial Reit — FY2026 Earnings Presentation
32 slides from Lendlease Global Commercial Reit's earnings presentation, Aug 3, 2026
Slide 1: Second-half and Full-year FY2026 Financial Results
Jem Retail, Singapore 313@somerset, Singapore PLQ Mall, Singapore Second-half and Full-year FY2026 Financial Results 3 August 2026 Multifunctional Event Space Adjacent to 313@somerset (Artist’s impression subject to design changes) Parkway Parade, Singapore Three Grade A Commercial Buildings, 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: Delivering on Strategic Priorities
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 4 Delivering on Strategic Priorities Execution of Delivered Strong Strengthened Capital Increased Visibility Forerunner Singapore-Focused Returns Structure Through Index in ESG Strategy Inclusion 91% 20.4% 38.9% 3.1x
Slide 5: FY2026 Highlights
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 5 FY2026 Highlights Sustainable Income Growth: Delivering Higher Earnings Growth • Distribution per unit (“DPU”) increased 3.0% YoY to 1.85 cents for 2H FY2026, bringing full-year FY2026 DPU to 3.70 cents, up 3.0% Yo
Slide 6: Key Portfolio Metrics
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 6 Key Portfolio Metrics Portfolio Committed Tenant Sales Retail Rental Occupancy +24.0%(2) Reversion 94.6%(1) (+4.0% excluding PLQ Mall) +11.7%(3) Weighted Average Lease Tenant Office Rental Expiry Retention Uplift 4
Slide 7: Key Financial Metrics
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 7 Key Financial Metrics • Higher revenue and NPI for 2H FY2026 are contributed by PLQ Mall (consolidated upon full ownership) and performance from the Singapore retail assets, partially offset by divestment of Jem of
Slide 8: 2H FY2026 DPU Up 3.0% YoY to 1.85 cents
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 8 2H FY2026 DPU Up 3.0% YoY to 1.85 cents • Stable 2H FY2026 DPU of 1.85 cents brought full-year FY2026 DPU to 3.70 cents, representing a 3.0% YoY increase compared to FY2025. • Distributions are supported by recurri
Slide 9: Balance Sheet and Capital Management
Balance Sheet and Capital Management
Slide 10: Balance Sheet
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 10 Balance Sheet • Total assets, liabilities and net assets are higher as at 30 June 2026 mainly due to the acquisition of PLQ Mall (1), partially offset by the divestment of Jem office(2). • The increase in units is
Slide 11: Capital Management
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 11 Capital Management • Gross borrowings were S$1.7 billion post the repayment of loans from the preferential offering proceeds and a loan drawdown to partially refinance the perpetual securities in June 2026. • Weig
Slide 12: Debt Facilities and Maturity Profile
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 12 Debt Facilities and Maturity Profile • As at 30 June 2026, available debt facilities aggregate to S$366 million. Maturity Profile of Drawn Committed Debt Facilities (as at 30 June 2026) S$ million Drawn Committed
Slide 13: Portfolio Performance
Portfolio Performance ’- lendlease
Slide 14: Portfolio Lease Expiry Profile and Tenant Composition
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 14 Portfolio Lease Expiry Profile and Tenant Composition • Portfolio weighted average lease expiry continued to stay healthy at 4.7 years by NLA and 3.6 years by GRI. Portfolio Lease Expiry Profile Diversified Tenant
Slide 15: Portfolio Occupancy Continued to Remain Healthy at 94.6%
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 15 Portfolio Occupancy Continued to Remain Healthy at 94.6% • Retail occupancy remained strong at 98.5%, notwithstanding temporary vacancies associated with the ongoing reconfiguration works at PLQ Mall. Occupancy As
Slide 16: Achieved Positive Retail Rental Reversion of 11.7%
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 16 Achieved Positive Retail Rental Reversion of 11.7%(1) • Full-year visitation and tenant sales grew 16.4% YoY and 24.0% YoY respectively, including seven months of contribution from PLQ Mall. On a like-for-like bas
Slide 17: Driving Footfall with New Retail Offerings and Marketing Campaigns
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 17 Driving Footfall with New Retail Offerings and Marketing Campaigns New Tenants Onboard YIMANFEN at Pawa Bakery at PLQ Fieldnotes at Jem is a 313@somerset offers Mall offers healthier, nature-inspired artisan handc
Slide 18: Portfolio Valuation for FY2026
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 18 Portfolio Valuation for FY2026 During FY2026, Lendlease REIT divested Jem office in November 2025 and acquired 70% and 30% interests in PLQ Mall in November 2025 and March 2026, respectively. Valuation Valuation C
Slide 19: Sustainability
Sustainability ’- lendlease
Slide 20: FY2026 ESG Highlights
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 20 FY2026 ESG Highlights Environmental Economic / Social Governance Total committed debt Incidents of 100% facilities are 72% Tenant satisfaction (vs. 71% in FY2025) 0 non-compliance sustainability-linked 26% Waste r
Slide 21: Key Priorities
Key Priorities ’- lendlease
Slide 22: Key Priorities
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 22 Key Priorities Sustainable Income Active Capital Portfolio Execute on Our Growth Management Optimisation Strategy • Grow retail rents • Keep gearing within • Pursue opportunities • Continue to lease up sustainably
Slide 23: Market Review
Market Review ’- lendlease
Slide 24: Market Review
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 24 Market Review • Consumer spending and tourism demand remained supportive, with retail sales excluding motor vehicles rising 3.7% YoY in May 2026 to an estimated S$3.8 billion. Online sales accounted for 17.7% of t
Slide 25: Additional Information
Additional Information ’- lendlease
Slide 26: Portfolio Composite by Valuation
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 26 Portfolio Composite by Valuation • Singapore accounts for approximately 91% of the portfolio (by valuation). S$1.9 billion S$4.2 billion S$0.70 Market Capitalisation Portfolio Value Net Asset Value Per Unit 94.6%(
Slide 27: Our Competitive Advantage
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 27 Our Competitive Advantage Singapore Focus Asset Quality & Long Leasehold 91%(1) of existing Precinct Dominance Tenure portfolio is in Singapore Best assets that anchor High balance tenure precincts of ~83 years(2)
Slide 28: Strong Alignment of Interest with Sponsor in Lendlease
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 28 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. • Lendlease REIT continues to be a key component
Slide 29: Portfolio Key Statistics
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 29 Portfolio Key Statistics 3 Grade A Commercial Jem (Retail) 313@somerset (Retail) PLQ Mall (Retail) Buildings (Office) Key Statistics (as at 30 June 2026) Occupancy 100.0% 98.0% 96.3% 89.1%(1) WALE 2.4 years (by NL
Slide 30: Other Investments
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 30 Other Investments 10.0% interest in Development of a multifunctional event Parkway Parade Partnership Pte. Ltd. space at Somerset • The investment increased Lendlease REIT’s exposure to • Construction has commence
Slide 31: Commitment Towards Sustainability
Second-half and Full-year FY2026 Financial Results Lendlease Global Commercial REIT 31 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. • Envi
Slide 32: 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 — FY2026 Earnings Presentation on 6ix