Well-Positioned for Resilient Growth

Core Insights - Lendlease Global Commercial REIT reported strong operational performance with a portfolio committed occupancy of 95.0% as of September 30, 2025, and a positive retail rental reversion of 8.9% [4][6][10] - The divestment of Jem office is nearing completion, expected by November 12, 2025, with a projected disposal gain of approximately S$8.9 million for Unitholders [3][10] - The company has been recognized for its sustainability efforts, being awarded the Regional Sector Leader in Retail Asia (Listed) by GRESB 2025 and included in the iEdge Singapore Next 50 Index [11][12] Operational Performance - The retail portfolio's occupancy rate exceeded 99%, while the Milan office portfolio occupancy increased to 88.5% from 81.6% [4] - Tenant retention was reported at 52.2%, with a notable increase to 72.9% when excluding the exit of Cathay Cineplexes [6] - Visitation improved by 7.7% year-on-year, although tenant sales dipped by 0.8% [7] Capital Management - Lendlease REIT refinanced S$115.5 million in loans, with gross borrowings at S$1,668.9 million and a weighted average debt maturity of 2.6 years [8] - Approximately 68% of borrowings were hedged to fixed rates, with the weighted average cost of debt improving to 3.09% per annum [9][10] - The interest coverage ratio was reported at 1.6 times based on the last financial results [9] Awards and Recognition - Inclusion in the iEdge Singapore Next 50 Index has doubled the average daily trading volume to approximately 10 million units [11] - Lendlease REIT achieved a 5 Star rating in the GRESB assessment for its ESG performance, marking the sixth consecutive year as Regional Sector Leader [12][13]