Thursday, January 5, 2023

Added: Lendlease REIT (Jan 2023)

 


Added 45,000 shares of Lendlease REIT at $0.68 on 5 Jan 2023.


Reason for buying:

1) Dividend yield 7.1%

Semi annual payout. Next XD will be in Feb 2023


2) PB 0.87


3) Positive Rental Reversion in both Retail & Office


4) Lower than the PO price of $0.72 in Apr 2022


5) Upcoming Grange Road carpark (behind 313 Somerset) 

Once the Grange Road carpark redevelopment completed by end of 2023, additional revenue source for the REIT

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