Lendlease Global Commercial Reit · SGX:JYEU
Lendlease Global Commercial Reit — 1Q FY2027 Earnings Presentation
27 slides from Lendlease Global Commercial Reit's earnings presentation, Oct 30, 2026
Slide 1: 1Q FY2027 Business Update
1Q FY2027 Business Update 30 October 2026
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: 1Q FY2027 Highlights
1Q FY2027 Business Update Lendlease Global Commercial REIT 4 1Q FY2027 Highlights 94.4% 10.0% 2.50% p.a. 38.7% 7 Consecutive Years Portfolio Occupancy(1) Retail Rental Reversion(2) Cost of Debt(3) Gearing GRESB Regional Sector Leader (Retail Listed) Sustainable Income Growth Portfolio Optimisation •
Slide 5: Key Portfolio Metrics
1Q FY2027 Business Update Lendlease Global Commercial REIT 5 Key Portfolio Metrics Portfolio Committed Retail Rental Tenant Sales(2) Occupancy(1) Reversion(3) 94.4% +45.5% YoY +10.0% 0.2 ppts QoQ (+8.1% excl. PLQ Mall) Weighted Average Tenant Retention(4) Office Rental Uplift(5) Lease Expiry 4.4 yea
Slide 6: Capital Management
Capital Management '- lendlease
Slide 7: Capital Management
1Q FY2027 Business Update Lendlease Global Commercial REIT 7 Capital Management • Weighted average cost of debt is lower at 2.50% p.a. attributed mainly to the loans associated with PLQ Mall that were refinanced at a lower cost of borrowing. As at 30 September 2026 As at 30 June 2026 Gross borrowing
Slide 8: Debt Facilities and Maturity Profile
1Q FY2027 Business Update Lendlease Global Commercial REIT 8 Debt Facilities and Maturity Profile • Debt facilities of S$300 million are maturing in the fourth quarter of FY2027. • As at 30 September 2026, available debt facilities aggregate to S$383 million. Maturity Profile of Drawn Committed Debt
Slide 9: Portfolio Performance
Portfolio Performance '- lendlease
Slide 10: Portfolio Lease Expiry Profile and Tenant Composition
1Q FY2027 Business Update Lendlease Global Commercial REIT 10 Portfolio Lease Expiry Profile and Tenant Composition • Portfolio weighted average lease expiry continued to stay healthy at 4.4 years by NLA and 3.4 years by GRI. Portfolio Lease Expiry Profile Tenant Sector Breakdown by GRI 42.8% Others
Slide 11: Portfolio Occupancy Continued to Remain Healthy at 94.4%
1Q FY2027 Business Update Lendlease Global Commercial REIT 11 Portfolio Occupancy Continued to Remain Healthy at 94.4% • Retail occupancy remained near full occupancy at 98.2%, easing slightly from 98.5% last quarter, with the modest decline primarily driven by temporary vacancies associated with on
Slide 12: Achieved Positive Retail Rental Reversion of 10.0%
1Q FY2027 Business Update Lendlease Global Commercial REIT 12 Achieved Positive Retail Rental Reversion of 10.0%(1) • Visitation and tenant sales grew 27.4% YoY and 45.5% YoY, respectively, benefiting from a full quarter of contribution from PLQ Mall. Excluding PLQ Mall, like-for-like visitation and
Slide 13: Driving Footfall with New Retail Offerings and Marketing Campaigns
1Q FY2027 Business Update Lendlease Global Commercial REIT 13 Driving Footfall with New Retail Offerings and Marketing Campaigns Jem 313@somerset PLQ Mall Setirom is a Chinese fashion and Gentlewoman is a Bangkok-born heytea is a leading Chinese tea lifestyle brand offering retro- fashion label know
Slide 14: Sustainability
Sustainability '- lendlease
Slide 15: Sustainability Leadership and Recognition
1Q FY2027 Business Update Lendlease Global Commercial REIT 15 Sustainability Leadership and Recognition • In the GRESB 2026 Assessment, Lendlease REIT retained its Regional Sector Leader (Retail Asia – Listed) title for the seventh consecutive year and was recognised as the Global Sector Leader (Ret
Slide 16: Key Priorities
Key Priorities '- lendlease
Slide 17: Outlook and Focus
1Q FY2027 Business Update Lendlease Global Commercial REIT 17 Outlook and Focus Key Opportunities in FY2027 Our Focus Full contribution from PLQ Mall acquisition. 1 Sustainable Income Growth Rental uplift from reconfiguration of 16,000 sq ft at PLQ Mall. • Grow retail rents through active leasing an
Slide 18: Market Review
Market Review '- lendlease
Slide 19: Market Review
1Q FY2027 Business Update Lendlease Global Commercial REIT 19 Market Review Singapore Retail Market • Consumer spending remained relatively resilient, with retail sales excluding motor vehicles increasing 1.6% YoY in August 2026 to an estimated S$3.8 billion. Online sales represented 18.2% of total
Slide 20: Additional Information
Additional Information '- lendlease
Slide 21: Portfolio Composite by Valuation
1Q FY2027 Business Update Lendlease Global Commercial REIT 21 Portfolio Composite by Valuation S$1.8 billion S$4.2 billion S$0.70 Market Capitalisation Portfolio Value Net Asset Value Per Unit 94.4%(1) 6.8%(2) 29.6 % Portfolio Occupancy Dividend Yield Top 10 Tenant Contribution (by GRI) Value by Ass
Slide 22: Our Competitive Advantage
1Q FY2027 Business Update Lendlease Global Commercial REIT 22 Our Competitive Advantage Singapore Focus Asset Quality & Long Leasehold 91%(1) of existing Precinct Dominance Tenure portfolio is in Singapore Best assets that anchor High balance tenure precincts of >80 years(2) Operating Sponsor Suppor
Slide 23: Strong Alignment of Interest with Sponsor in Lendlease
1Q FY2027 Business Update Lendlease Global Commercial REIT 23 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 24: Portfolio Key Statistics
1Q FY2027 Business Update Lendlease Global Commercial REIT 24 Portfolio Key Statistics Jem 313@somerset PLQ Mall Milan Properties Key Statistics (as at 30 September 2026) Occupancy 100.0% 99.0% 94.0% 89.1%(1) WALE 2.2 years (by NLA) 1.9 years (by NLA) 2.2 years (by NLA) 6.3 years 2.1 years (by GRI)
Slide 25: Other Investments
1Q FY2027 Business Update Lendlease Global Commercial REIT 25 Other Investments Parkway Parade 10% interest in Parkway Parade Partnership Pte. Ltd. Grange House 98.8% 42,800 sq ft Occupancy Site Area 550,000 sq ft Mid-2027 Approximate Area Operationally Ready 2.3 years 3,000 pax WALE (by NLA) Capaci
Slide 26: Commitment Towards Sustainability
1Q FY2027 Business Update Lendlease Global Commercial REIT 26 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 27: Thank You
Thank You For enquiries, please contact Ling Bee Lin, Investor Relations and ESG Tel: (65) 6671 7374 / Email: [email protected]
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