News

Commercial Property

Staff Reporter

, Singapore

Published:

10 months ago

188 views

Photo from Unsplash by Danist Soh

Lendlease Global Commercial REIT records lower NPI in FY2025

The company linked this to property operating expenses rising to $57.8m.

Lendlease Global Commercial REIT has recorded a 10% year-on-year (YoY) decrease in net property income to $148m during the financial year 2025.

The company said it was due to property operating expenses rising to $57.8m, impacted by the provision of doubtful debts for Cathay Cineplexes.

Gross revenue also declined by 6.5% YoY to $206.5m due to the upfront recognition of supplementary rent concerning the return of Building 3 by Sky in FY 2024.

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