Lendlease Global Commercial REIT (JYEU) Fair Value & Analysis
Real Estate · SG · Market cap 1.9B SGD
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 5 days ago
Share price −2.6% over the past month.
A solid business, but screening 21% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.4500 SGD). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 0.4161 SGD – 0.6740 SGD · fair‑value band 0.2700 SGD – 0.4500 SGD · the 0.5600 SGD price screens above the 0.4400 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Lendlease Global Commercial REIT (JYEU) currently trades at 0.5600 SGD, while our model-based Fair Value estimate is 0.4400 SGD, implying the stock looks roughly 21.4% overvalued today. The Quality Score stands at 59/100 (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 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 Aug 13, 2026
Our scenario range runs from 0.2700 SGD (bear case) to 0.4500 SGD (bull case); at 0.5600 SGD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -23% fair-value upside, at -21%, JYEU screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 13 models by family
Widest divergence: Growth DCF (0.5500 SGD) versus Multiples (0.3600 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 54
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
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.
Full company description
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 incorporated on 29th January 2019 in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lendlease Global Commercial 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.
JYEU screens 21% overvalued. Compare with Goodman Group →
Peer Group
REIT - Diversified · 169 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$30.05 | A$7.37 | -75% |
| VICI Properties Inc VICI | $26.07 | $41.74 | +60% |
| W. P. Carey Inc WPC | $70.69 | $34.80 | -51% |
| Charter Hall Group CHC | A$23.56 | A$10.99 | -53% |
| Stockland SGP | A$4.27 | A$3.70 | -13% |
| Fibra Uno FUNO11 | 31.10 MXN | 54.87 MXN | +76% |
| The GPT Group GPT | A$5.19 | A$3.49 | -33% |
| Mirvac Group MGR | A$1.77 | A$0.5700 | -68% |
| KLCC Property Holdings 5235SS | 8.70 MYR | 6.66 MYR | -23% |
| Fibra Danhos DANHOS13 | 28.26 MXN | 49.89 MXN | +77% |
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Frequently asked questions
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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.
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