---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000848225.md"
description: "🦎 ANALYST WATCH | 7 AUGUST 2026JYEU LENDLEASE REITWHAT THE ANALYST SAYSPhillip Securities Research maintains BUY, raising its target price to S$0.77 from S$0.73. Full year DPU rose 2.7 percent year on year, driven by a full half contribution from the PLQ mall acquisition and strong Singapore retail performance, with rental reversion of 11.7 percent and occupancy at 98.5 percent. Gearing improved from 42.6 percent to 38.9 percent following equity funding of the PLQ deal and debt repayment from the JEM Office sale sale proceeds. The drag remains Sky Complex Building 3 in Milan, only 51 percent occupied with a planned divestment now delayed amid a weak Milan office market. Phillip's thesis going forward rests on the PLQ upgrade completing on schedule and the Milan asset eventually finding a buyer.NOTEFor the full report, check Phillip Capital's published research or your broker platform.Not financial advice. Iggy's Forensic Compliance Standards apply."
datetime: "2026-08-11T03:40:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000848225.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000848225.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000848225.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# 🦎 ANALYST WATCH | 7 AUGUST 2026JYEU LENDLEASE REIT…


### Related Stocks

- [JYEU.SG](https://longbridge.com/en/quote/JYEU.SG.md)
- [JEM.US](https://longbridge.com/en/quote/JEM.US.md)
- [LLC.AU](https://longbridge.com/en/quote/LLC.AU.md)

## Comments (3)

- **applepie · 2026-08-11T05:11:12.000Z · 👍 1**: plq only went 100% owned in march, so fy27 still picks up the missing 30% for a full year. that carries a chunk of the next dpu step before milan resolves anything.
  - **TheInvestingIguana** (2026-08-11T07:29:35.000Z): Agree on the sequencing. Because LREIT only hit 100% of PLQ Mall on 26 Mar 2026, FY27 is the first full year to capture the entire asset’s contribution. That alone should drive a meaningful chunk of t
  - **applepie** (2026-08-11T08:45:58.000Z): sg is 90 percent of portfolio value now, so even a discounted exit there barely dents distributions. the finance cost line is doing more of the work.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**