Lendlease REIT net property income dips 1.2% to $74m in H1 FY2026

The decline was due to the sale of Jem office space and the exit of Cathay Cineplexes.

Lendlease Global Commercial REIT reported a 1.2% year-on-year (YoY) decline in net property income to $74m for the first half of FY2026 (H1 FY2026).

Gross revenue also fell 1.6% to $101.9m, according to a bourse filing.

The decline was primarily attributed to the divestment of Jem office and revenue impact from the exit of Cathay Cineplexes in H1 FY2026, which has been replaced by Shaw Theatres.

Distributable income rose 11.7% YoY to $48.6m.

Distribution per unit for the period was 1.85 cents, up 3.1% from a year earlier.

Of this, 1.33 cents for the period from 1 July 2025 to 13 November 2025 was paid in December 2025, whilst the remaining 0.52 cents is payable on 30 March 2026.

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