Lendlease Reit - 2nd Half results is out! DPU was 1.77 cents, 21.2% lower than 2.25 cents the previous year. The lower DPU was primarily driven by higher borrowing costs. Gearing 40.9 percent. I THINK Results seem no good! Pls dyodd.

 Lendlease Reit  - 2nd Half results is out! DPU was 1.77 cents, 21.2% lower than 2.25 cents the previous year. The lower DPU was primarily driven by higher borrowing costs. 

XD 13th August,  Pay date 26th September. 

Gearing 40.9 percent.  I THINK Results seem no good!

ICR 3.2x.

Occupancy rate is 89.1%.

Gross revenue and NPI for 2HFY2024 were 2.1% and 7.2% lower y-o-y at $71.9 million and $101.0 million.

Building 3 post the lease restructure. Including the support from the supplementary rent, on a proforma basis, gross revenue was 1.4% higher while NPI was 2.6% lower due to higher property operating expenses

 Pls dyodd.