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Lendlease Global Commercial REIT (Lendlease REIT) (JYEU) Fair Value & Analysis

Real Estate · SG · Market cap 1.9B SGD

LG Lendlease Global Commercial REIT (Lendlease REIT) JYEU · SG
Price0.5750 SGD
Fair Value0.4400 SGD
Upside-23.5%
Quality61/100
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Evidence: High Range 0.2700 SGD – 0.4500 SGD

Fair value as of: Jul 4, 2026

From 23 valuation models · updated yesterday

Share price +2.7% over the past month.

Price vs Fair Value (12 months)

0.6494 SGD 0.4936 SGD Fair Value 0.4400 SGD Jul 2025 Jul 2026

12‑month range 0.4936 SGD – 0.6494 SGD · fair‑value band 0.2700 SGD – 0.4500 SGD · the 0.5750 SGD price screens above the 0.4400 SGD fair value. As of Jul 4, 2026.

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Analysis

Lendlease Global Commercial REIT (Lendlease REIT) (JYEU) currently trades at 0.5750 SGD, while our model-based Fair Value estimate is 0.4400 SGD — implying the stock looks roughly 23.5% overvalued today. We read business quality at 61/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Lendlease Global Commercial REIT (Lendlease REIT) generated revenue of 219M SGD at a net margin of 43.1%. Revenue grew 12.3% year over year. It earns a return on equity of 4.1%. Net debt stands at 1.6B SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 219M SGD
Revenue growth (YoY) +12.3%
Net margin 43.1%
Return on equity 4.1%
Free cash flow 147M SGD FY2025
P/E ratio 19.3
More key figures
Operating margin 66.6%
EPS (TTM) 0.0300 SGD
Dividend yield 6.5%
EPS growth (YoY) +115%
Net debt 1.6B SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Lendlease Global Commercial REIT (Lendlease REIT) is established with the principal investment strategy of investing. It does it directly or indirectly in a diversified portfolio of stabilized income producing real estate assets located globally, which are used primarily for retail and/or office purposes. As at 31 March 2026, its portfolio comprises leasehold properties in Singapore namely Jem and PLQ Mall (suburban retail properties), 313 at somerset (a prime retail property) and freehold interest in three Grade A commercial buildings in Milan. These properties have a total value of approximately S4.2 billion dollars. Other investments include a stake in Parkway Parade (an office and retail property) and development of a multifunctional event space on a site adjacent to 313 at somerset. Lendlease REIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly owned subsidiary of Lendlease Corporation Limited. Lendlease Global Commercial REIT was …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lendlease Global Commercial REIT (Lendlease REIT) reported revenue of 207M SGD in FY2025 versus 78.2M SGD in FY2021, a compound +27.5%/yr. Reported net income was 70.9M SGD in FY2025.

Revenue +27.5%/yr
FY21 78.2M SGD
FY22 102M SGD
FY23 205M SGD
FY24 221M SGD
FY25 207M SGD
Net income
FY21 −1.9M SGD
FY22 142M SGD
FY23 99.6M SGD
FY24 77.2M SGD
FY25 70.9M SGD

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Frequently asked questions

Is Lendlease Global Commercial REIT (Lendlease REIT) (JYEU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.4400 SGD versus a price of 0.5750 SGD — about −23% (overvalued). Model-based estimate, not financial advice.
What is the fair value of JYEU?
Our model-based fair value for Lendlease Global Commercial REIT (Lendlease REIT) is 0.4400 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.5750 SGD.
What is the quality score of JYEU?
Lendlease Global Commercial REIT (Lendlease REIT) has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Lendlease Global Commercial REIT (Lendlease REIT) (JYEU)?
Lendlease Global Commercial REIT (Lendlease REIT) reported trailing-twelve-month revenue of about 219M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of JYEU?
The net profit margin of Lendlease Global Commercial REIT (Lendlease REIT) is about 43.1%, meaning it keeps roughly 43.1% of revenue as net income. Based on the latest reported figures.
Does Lendlease Global Commercial REIT (Lendlease REIT) pay a dividend?
Lendlease Global Commercial REIT (Lendlease REIT) currently shows a dividend yield of about 6.49% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.