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SGX:JYEU

8 stories mentioning SGX:JYEUUpdated 32d ago

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Treasury

Lendlease Global Commercial REIT Gets Tax Ruling on SG$120 Million Bonds

Lendlease Global Commercial REIT (SGX:JYEU) was issued a tax ruling by the Inland Revenue Authority of Singapore for its SG$120 million 4.28% perpetual bonds, agreeing to treat the bonds as debt securities for income tax purposes.The retail and office trust said the distributions on the bonds will be regarded as interest payable on indebtedness, according to a Tuesday Singapore bourse filing.The bonds will qualify as debt bonds, allowing holders to the associated tax concessions and exemptions.

SGX:JYEU
Asia

Lendlease Global Commercial REIT's DPU Up 3% in H1

Lendlease Global Commercial REIT (SGX:JYEU) distribution per unit, or DPU, rose 3% during the first half of the year to SG$0.0185 from SG$0.018 a year earlier, according to a Monday filing with the Singapore Exchange.Amount distributable to unit holders jumped 40% to SG$61.7 million from SG$44.1 million.Net property income was up 6.6% to SG$78.7 million from SG$73.8 million a year earlier.Gross revenue rose 6.8% year over year to around SG$110 million from SG$102.9 million.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Converts Unit into Limited Liability Partnership

Lendlease Global Commercial REIT (SGX:JYEU) converted its subsidiary, Milano Central, into a limited liability partnership, according to a Wednesday filing with the Singapore Exchange.Milano holds the PLQ Mall, with the action granting the REIT tax transparency of its share of taxable income of PLQ Mall received via PLQM Trust.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Redeems Perpetual Securities Worth SG$200 Million

Lendlease Global Commercial REIT (SGX:JYEU) has fully redeemed SG$200 million worth of 4.20% subordinated perpetual securities on Thursday, June 4, according to a same-day filing with the Singapore Exchange.The securities will now be canceled and delisted from the Singapore Exchange, the filing added.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Reports Improved Occupancy in Fiscal Q3

Lendlease Global Commercial REIT (SGX:JYEU) reported an improved portfolio occupancy during the fiscal quarter ended March 31 of 95.3% from 94.9% a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the REIT were up nearly 1% in Tuesday trading.Rental reversion stood at 12.2%, backed by a 17.6% increase in tenant sales.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Manager's Chair to Step Down

Lendlease Global Commercial REIT's (SGX:JYEU) manager, Lendlease Global Commercial Trust Management chairperson, Justin Marco Gabbani, stepped down from the role, effective June 30, according to a Monday filing with the Singapore Exchange.Gabbani is leaving the post to pursue an "external opportunity," the filing added.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Files for Singapore Listing of SG$120 Million Worth of Bonds

Lendlease Global Commercial REIT (SGX:JYEU) filed for the listing of SG$120 million worth of 4.28% fixed rate subordinated perpetual bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted in the Bonds Market on April 24, the REIT added.

SGX:JYEU
Asia

Lendlease Global Commercial REIT Prices SG$120 Million Worth of Bonds

Lendlease Global Commercial REIT (SGX:JYEU) priced SG$120.0 million worth of 4.28% perpetual bonds under its SG$1 billion multicurrency debt issuance program, according to a Tuesday filing with the Singapore Exchange.Shares of the REIT were down nearly 1% in Wednesday trading.The bonds will be issued on April 23, the filing said.DBS Bank and Oversea-Chinese Banking Corp. or OCBC (SGX:O39) were appointed as joint global coordinators, while DBS Bank, OCBC and United Overseas Bank (SGX:U11) were named as joint lead managers and bookrunners for the bonds.Net proceeds raised from the issue will be used to refinance existing borrowings.

SGX:JYEUSGX:O39SGX:U11

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