Lendlease Global Commercial REIT · SGX:JYEU
Lendlease Global Commercial REIT — Shareholder Meeting (October 2026)
21 slides from Lendlease Global Commercial REIT's shareholder meeting presentation, Oct 29, 2026
Slide 1: Building Momentum
Annual General Meeting FY2026 29 October 2026 Building Momentum
Slide 2: Important Notice
Annual General Meeting FY2026 Lendlease Global Commercial REIT 2 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, u
Slide 3: Overview
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Slide 4: Execution of Our Priorities
Annual General Meeting FY2026 Lendlease Global Commercial REIT 4 Execution of Our Priorities Lower Gearing Singapore Focus Grow DPU 42.6% 38.9% 91% 3.0% YoY Singapore portfolio value 1 2 3 November 2025 November 2025 March 2026 Divestment Acquisition Acquisition of Jem office of 70% of of 30% of PLQ
Slide 5: Key Milestones in FY2026
Annual General Meeting FY2026 Lendlease Global Commercial REIT 5 Key Milestones in FY2026 Strengthened Delivered Returns Increased Forerunner in Capital Structure to Unitholders Liquidity Sustainability 38.9% 3.0% 3.1x 7 Gearing ratio YoY increase in DPU Increase in Average Daily Consecutive years (
Slide 6: Financial Performance
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Slide 7: FY2026 Financial Performance
Annual General Meeting FY2026 Lendlease Global Commercial REIT 7 FY2026 Financial Performance Higher recurring earnings, with FY2026 gross revenue increasing by S$5.4 million and NPI rising by S$4.0 million, supported b y improved asset performance and contributions from PLQ Mall 1, partially offset
Slide 8: Active Capital Management
Annual General Meeting FY2026 Lendlease Global Commercial REIT 8 Active Capital Management • Deployed Jem office divestment proceeds towards debt repayment, reducing gearing and strengthening financial flexibility. • Executed refinancing initiatives to lower funding costs and improve interest covera
Slide 9: Resilient Capital Structure
Annual General Meeting FY2026 Lendlease Global Commercial REIT 9 Resilient Capital Structure • Well -spread debt maturity profile with no more than 35% of borrowings maturing in any single year. • Maintained healthy liquidity with S$488 million of available debt headroom and 68% of borrowings hedged
Slide 10: Portfolio Performance
Portfolio Performance
Slide 11: FY2026 Operational Performance
Annual General Meeting FY2026 Lendlease Global Commercial REIT 11 FY2026 Operational Performance Higher portfolio occupancy and stronger leasing momentum, underpinned by healthy retail performance. Portfolio Occupancy Top 10 Tenants Essential Services 94.6% 2.5 ppts YoY 29.9% (by GRI) 54.6% (by GRI)
Slide 12: Tenant Mix Drives Traffic, Sales and Rental Reversions
Annual General Meeting FY2026 Lendlease Global Commercial REIT 12 Tenant Mix Drives Traffic, Sales and Rental Reversions Increased Visitation Stronger Tenant Sales Positive Rental Reversions Marketing initiatives supported higher Higher visitation and a refreshed tenant Stronger tenant performance s
Slide 13: Healthy Lease Expiry Profile
Annual General Meeting FY2026 Lendlease Global Commercial REIT 13 Healthy Lease Expiry Profile No significant leasing risks in FY2027, with only 6.9% of NLA and 11.6% of GRI due for renewal. Lease Expiry Profile By NLA By GRI Portfolio WALE 4.7 years (by NLA) 42.7% 3.6 years (by GRI) Tenant Base 31.
Slide 14: Space Enhancement Initiatives and Development Progress
Annual General Meeting FY2026 Lendlease Global Commercial REIT 14 Space Enhancement Initiatives and Development Progress Reconfiguring ~16,000 sqft Elevating the Discovery Grange House of Retail Space Walk Experience Development Progress PLQ Mall (by end -2026) Discovery Walk (by end -2027) Grange H
Slide 15: New Tenants Across Our Singapore Malls
Annual General Meeting FY2026 Lendlease Global Commercial REIT 15 New Tenants Across Our Singapore Malls Hakka Yu is a popular restaurant chain Kott -Don 360 is a modern Korean 5:59+ Café & Bistro offers dishes known for authentic Hakka cuisine. barbeque restaurant specialising in with a Western -Si
Slide 16: Portfolio Valuation
Annual General Meeting FY2026 Lendlease Global Commercial REIT 16 Portfolio Valuation Portfolio valued at S$4.2 billion as at 30 June 2026, following the divestment of Jem office and acquisition of 100% ownershi p o f PLQ Mall. FY2026 FY2025 Cap rate Discount rate (million) (million) Variance FY2026
Slide 17: Sustainability Performance
Sustainability Performance
Slide 18: FY2026 Sustainability Highlights
Annual General Meeting FY2026 Lendlease Global Commercial REIT 18 FY2026 Sustainability Highlights Making continued progress across environmental, social and governance priorities. Environmental 1 Social Governance Incidents of corruption and 13.1% Reduction in landlord energy consumption Zero Incid
Slide 19: Moving Forward
Moving Forward
Slide 20: Outlook
Annual General Meeting FY2026 Lendlease Global Commercial REIT 20 Outlook Key Opportunities in FY2027 Our Focus Full contribution from PLQ Mall acquisition. 1 Sustainable Income Growth • Grow retail rents through active leasing Rental uplift from reconfiguration of ~16,000 sqft at PLQ Mall. and asse
Slide 21: Thank You
Annual General Meeting FY2026 Lendlease Global Commercial REIT 21 Jem, Singapore 313@somerset, Singapore PLQ Mall, Singapore Grange House, Singapore A Stake in Parkway Parade, Singapore Three Grade A Commercial Buildings, Milan (Artist’s impression) (under Parkway Parade Partnership Pte. Ltd.) Thank
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