Lendlease Global Commercial Reit · SGX:JYEU
Lendlease Global Commercial Reit — 3Q FY2026 Earnings Presentation
28 slides from Lendlease Global Commercial Reit's earnings presentation, May 18, 2026
Slide 1: 3Q FY2026 Business Update
Jem Retail, Singapore 313@somerset, Singapore PLQ Mall, Singapore 3Q FY2026 Business Update 18 May 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: 3Q FY2026 Highlights
3Q FY2026 Business Update Lendlease Global Commercial REIT 4 3Q FY2026 Highlights Sustainable Income Growth: Achieved Positive Retail Rental Reversion and Office Rental Uplift • Positive retail rental reversion of 12.2%(1) achieved in 3Q FY2026. • Positive rental uplift of 1.5%(2) for office Buildin
Slide 5: Portfolio Optimisation: Reconfiguration of Space at PLQ Mall
3Q FY2026 Business Update Lendlease Global Commercial REIT 5 Portfolio Optimisation: Reconfiguration of Space at PLQ Mall • The reconfiguration is designed to optimise space allocation and enhance tenant mix, positioning PLQ Mall to better capture evolving consumer demand and retailer requirements.
Slide 6: Key Portfolio Metrics
3Q FY2026 Business Update Lendlease Global Commercial REIT 6 Key Portfolio Metrics Portfolio Committed Tenant Sales Retail Rental Occupancy +17.6%(2) Reversion 95.3 %(1) (+2.5% excluding PLQ Mall) +12.2%(3) Weighted Average Lease Tenant Office Rental Expiry Retention Uplift 4.7 years 62.5 %(4) +1.5%
Slide 7: Capital Management
Capital Management ’- lendlease
Slide 8: Capital Management
3Q FY2026 Business Update Lendlease Global Commercial REIT 8 Capital Management • The increase in gross borrowings was mainly due to the inclusion of loans for PLQ Mall following full ownership and consolidation. • Post quarter-end, S$82.8 million of the proceeds from the March 2026 preferential off
Slide 9: Debt Facilities and Maturity Profile
3Q FY2026 Business Update Lendlease Global Commercial REIT 9 Debt Facilities and Maturity Profile • No debt refinancing risk in FY2026. • As at 31 March 2026, available debt facilities aggregate S$611 million. • Post quarter-end, the loans relating to PLQ Mall have been refinanced to achieve lower a
Slide 10: Portfolio Performance
Portfolio Performance ’- lendlease
Slide 11: Portfolio Lease Expiry Profile and Tenant Composition
3Q FY2026 Business Update Lendlease Global Commercial REIT 11 Portfolio Lease Expiry Profile and Tenant Composition • Portfolio weighted average lease expiry continued to stay healthy at 4.7 years by NLA and 3.7 years by GRI. Portfolio Lease Expiry Profile Diversified Tenant Base (by GRI) (as at 31
Slide 12: Portfolio Occupancy Continued to Remain Healthy at 95.3%
3Q FY2026 Business Update Lendlease Global Commercial REIT 12 Portfolio Occupancy Continued to Remain Healthy at 95.3% • Retail portfolio achieved 99.7% occupancy, reflecting consistently strong tenant demand for prime locations and our ability to curate differentiated retail identities aligned with
Slide 13: Achieved Positive Retail Rental Reversion of 12.2%
3Q FY2026 Business Update Lendlease Global Commercial REIT 13 Achieved Positive Retail Rental Reversion of 12.2%(1) • Year-to-date visitation and tenant sales grew 13.7% and 17.6% YoY respectively, including four months of contribution from PLQ Mall. On a like-for-like basis excluding PLQ Mall, visi
Slide 14: Driving Footfall with New Retail Offerings and Marketing Campaigns
3Q FY2026 Business Update Lendlease Global Commercial REIT 14 Driving Footfall with New Retail Offerings and Marketing Campaigns New Tenants Onboard Kiwami Ramen & Gyoza bar GOLDHEART at rumeL at PLQ Mall serves at Jem crafts ramen with 313@somerset is a leading 48-hour naturally fermented premium i
Slide 15: Sustainability
Sustainability ’- lendlease
Slide 16: Community Partnerships
3Q FY2026 Business Update Lendlease Global Commercial REIT 16 Community Partnerships • We remain dedicated to creating shared value within our communities, supporting initiatives that make a meaningful difference to those in need. Supporting AWWA’s Home and Day Activity Centre (AHDAC) S$40,000 We ha
Slide 17: Key Priorities
Key Priorities ’- lendlease
Slide 18: Key Priorities
3Q FY2026 Business Update Lendlease Global Commercial REIT 18 Key Priorities Sustainable Income Active Capital Portfolio Execute on Our Growth Management Optimisation Strategy • Grow retail rents • Keep gearing within • Pursue opportunities • Lease up Building 3 sustainably through prudent levels to
Slide 19: Market Review
Market Review ’- lendlease
Slide 20: Market Review
3Q FY2026 Business Update Lendlease Global Commercial REIT 20 Market Review • Retail sales excluding motor vehicles grew 11.2% YoY in February, reversing the 2.9% decline in January, to an estimated S$3.6 billion, of which online sales made up 16.2%. This was partly attributable to Chinese New Year
Slide 21: Additional Information
Additional Information ’- lendlease
Slide 22: Portfolio Composite by Valuation
3Q FY2026 Business Update Lendlease Global Commercial REIT 22 Portfolio Composite by Valuation • Singapore accounts for approximately 90% of the portfolio (by valuation). S$1.8 billion S$4.2 billion S$0.71 Market Capitalisation Portfolio Value Net Asset Value Per Unit (as at 31 December 2025) 95.3%(
Slide 23: Our Competitive Advantage
3Q FY2026 Business Update Lendlease Global Commercial REIT 23 Our Competitive Advantage Singapore Focus Asset Quality & Long Leasehold 90%(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 24: Strong Alignment of Interest with Sponsor in Lendlease
3Q FY2026 Business Update Lendlease Global Commercial REIT 24 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 of the Group’s investment
Slide 25: Portfolio Key Statistics
3Q FY2026 Business Update Lendlease Global Commercial REIT 25 Portfolio Key Statistics 3 Grade A Commercial Jem (Retail) 313@somerset (Retail) PLQ Mall (Retail) Buildings (Office) Key Statistics (as at 31 March 2026) Occupancy 100% 99.3% 99.7% 89.1%(1) WALE 2.2 years 2.0 years 2.3 years (by NLA) 6.8
Slide 26: Other Investments
3Q FY2026 Business Update Lendlease Global Commercial REIT 26 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 commenced and is endeavoured to b
Slide 27: Commitment Towards Sustainability
3Q FY2026 Business Update Lendlease Global Commercial REIT 27 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 28: Thank You
Thank You For enquiries, please contact Ling Bee Lin, Investor Relations and ESG Tel: (65) 6671 7374 / Email: enquiry@lendleaseglobalcommercialreit.com
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