Lendlease Global Commercial REIT
Market Cap
S$909.4m
Last Updated
2021/03/08 11:08 UTC
Data Sources
Company Financials +
Executive Summary
Listed on 2 October 2019, Lendlease Global Commercial REIT (“LREIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has Lendlease Global Commercial REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JYEU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: JYEU's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
JYEU
-0.2%
SG REITs
1.3%
SG Market
1 Year Return
-2.5%
JYEU
-13.0%
SG REITs
-1.6%
SG Market
Return vs Industry: JYEU exceeded the SG REITs industry which returned -13% over the past year.
Return vs Market: JYEU matched the SG Market which returned -1.6% over the past year.
Shareholder returns
| JYEU | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -0.2% | 1.3% |
| 30 Day | 0.6% | -3.6% | 2.2% |
| 90 Day | 9.9% | -0.2% | 6.6% |
| 1 Year | 3.3%-2.5% | -8.4%-13.0% | 3.5%-1.6% |
| 3 Year | n/a | 17.3%-2.3% | -7.2%-18.6% |
| 5 Year | n/a | 45.6%7.6% | 17.0%-4.4% |
Long-Term Price Volatility Vs. Market
How volatile is Lendlease Global Commercial REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Lendlease Global Commercial REIT's (SGX:JYEU) Stock Price Has Reduced 12% In The Past Year2 months ago | Simply Wall St
Do Institutions Own Lendlease Global Commercial REIT (SGX:JYEU) Shares?5 months ago | Simply Wall St
Lendlease Global Commercial REIT's (SGX:JYEU) Stock Price Has Reduced 26% In The Past YearValuation
Is Lendlease Global Commercial REIT undervalued compared to its fair value and its price relative to the market?
0.92x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: JYEU (SGD0.78) is trading above our estimate of fair value (SGD0.48)
Significantly Below Fair Value: JYEU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JYEU is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.
PE vs Market: JYEU is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JYEU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JYEU's PB Ratio (0.9x) is in line with the SG REITs industry average.
Next Steps
Future Growth
How is Lendlease Global Commercial REIT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
36.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JYEU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: JYEU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: JYEU's is expected to become profitable in the next 3 years.
Revenue vs Market: JYEU's revenue (19.1% per year) is forecast to grow faster than the SG market (9.1% per year).
High Growth Revenue: JYEU's revenue (19.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JYEU's Return on Equity is forecast to be low in 3 years time (5%).
Next Steps
Past Performance
How has Lendlease Global Commercial REIT performed over the past 5 years?
11.8%
Historical Real Estate annual earnings growth
Earnings and Revenue History
Quality Earnings: JYEU is currently unprofitable.
Growing Profit Margin: JYEU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if JYEU's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare JYEU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: JYEU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-29.3%).
Return on Equity
High ROE: JYEU has a negative Return on Equity (-0.61%), as it is currently unprofitable.
Next Steps
Financial Health
How is Lendlease Global Commercial REIT's financial position?
Financial Position Analysis
Short Term Liabilities: JYEU's short term assets (SGD98.9M) exceed its short term liabilities (SGD22.1M).
Long Term Liabilities: JYEU's short term assets (SGD98.9M) do not cover its long term liabilities (SGD541.1M).
Debt to Equity History and Analysis
Debt Level: JYEU's debt to equity ratio (53.7%) is considered high.
Reducing Debt: Insufficient data to determine if JYEU's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: JYEU's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: JYEU is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Lendlease Global Commercial REIT current dividend yield, its reliability and sustainability?
6.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JYEU's dividend (6%) is higher than the bottom 25% of dividend payers in the SG market (1.88%).
High Dividend: JYEU's dividend (6%) is in the top 25% of dividend payers in the SG market (4.82%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether JYEU's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if JYEU's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.4%), JYEU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: JYEU's dividends in 3 years are not forecast to be well covered by earnings (123.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Kelvin Chow (48 yo)
2.17yrs
Tenure
Mr. Chung Yip Chow, also known as Kelvin, has been Chief Executive Officer of Lendlease Global Commercial Trust Management Pte. Ltd., the Manager Lendlease Global Commercial REIT since 2019. Mr. Chow was p...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer of Lendlease Global Commercial Trust Management Pte. Ltd. | 2.17yrs | no data | 0.047% SGD 424.3k | |
| Executive General Manager of Finance at Lendlease Global Commercial Trust Management Pte. Ltd. | 2.17yrs | no data | no data | |
| Head of Asset Operations | no data | no data | no data | |
| Secretary | 0.33yr | no data | no data |
2.2yrs
Average Tenure
Experienced Management: JYEU's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director of Lendlease Global Commercial Trust Management Pte. Ltd. | 1.58yrs | S$93.59k | 0.042% SGD 385.0k | |
| Non-Independent Non-Executive Chairman of Lendlease Global Commercial Trust Management Pte. Ltd. | no data | S$114.71k | 0.17% SGD 1.5m | |
| Non-Independent Non-Executive Director of Lendlease Global Commercial Trust Management Pte. Ltd. | 2.17yrs | S$62.85k | 0.16% SGD 1.5m | |
| Independent Non-Executive Director of Lendlease Global Commercial Trust Management Pte. Ltd. | 1.58yrs | S$81.13k | no data | |
| Lead Independent Director of Lendlease Global Commercial Trust Management Pte. Ltd. | no data | S$93.59k | no data |
1.6yrs
Average Tenure
62yo
Average Age
Experienced Board: JYEU's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lendlease Global Commercial REIT's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lendlease Global Commercial REIT
- Ticker: JYEU
- Exchange: SGX
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$909.367m
- Shares outstanding: 1.18b
- Website: https://www.lendleaseglobalcommercialreit.com
Number of Employees
Location
- Lendlease Global Commercial REIT
- 2 Tanjong Katong Road, #05-01
- Paya Lebar Quarter
- Singapore
- 437161
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JYEU | SGX (Singapore Exchange) | Yes | Units | SG | SGD | Oct 2019 |
Biography
Listed on 2 October 2019, Lendlease Global Commercial REIT (“LREIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised inc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 11:08 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.