Lendlease REIT (LREIT) 1H FY2026 Results Deep Dive |🦖EP1432 #investingiguana

The Investing Iguana

🟩 Is Lendlease REIT's (LREIT) 3.1% dividend increase hiding a dangerous trap? While management celebrates higher payouts for 1H FY2026, the forensic math reveals a troubling truth: gross revenue fell 1.6%, net property income dropped 1.2%, and the Interest Coverage Ratio sits at just 1.8 times. This Singapore REIT grew distributions not through stronger mall performance, but through debt refinancing and asset sales—moves you can only pull off once.

Your Institutional Asian Uncle breaks down the gap between LREIT's engineered dividend growth and its shrinking organic revenue. I reveal why like-for-like tenant sales grew just 1.1% (not the headline 7.2%), what the 1.8x ICR really means for your capital safety, and why quantitative models price fair value at 27 cents—far below current trading levels. You'll learn the difference between financial engineering and real portfolio strength.

Watch the full forensic breakdown to discover whether LREIT's 6% yield is a genuine income opportunity or a yield trap disguised by clever accounting. Get the complete "Buy, Hold, or Sell" verdict plus the institutional data that mainstream analysts won't show you.

Read the full in-depth article with video at

YOUTUBE ➡️ https://youtu.be/zz1K-_WKzC8

SUBSTACK ➡️https://open.substack.com/pub/investingiguana/p/lendlease-reit-lreit-1h-fy2026-results?r=5enmf1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

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Get the complete \"Buy, Hold, or Sell\" verdict plus the institutional data that mainstream analysts won't show you.</p>\n<p>Read the full in-depth article with video at</p>\n<p>YOUTUBE ➡️ https://youtu.be/zz1K-_WKzC8</p>\n<p>SUBSTACK ➡️https://open.substack.com/pub/investingiguana/p/lendlease-reit-lreit-1h-fy2026-results?r=5enmf1&amp;utm_campaign=post&amp;utm_medium=web&amp;showWelcomeOnShare=true</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6a010d1746572c873bc3e8d7f119d0ef\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>🟩 Is Lendlease REIT's (LREIT) 3.1% dividend increase hiding a dangerous trap? While management celebrates higher payouts for 1H FY2026, the forensic math reveals a troubling truth: gross revenue fell 1.6%, net property income dropped 1.2%, and the Interest Coverage Ratio sits at just 1.8 times. This Singapore REIT grew distributions not through stronger mall performance, but through debt refinancing and asset sales—moves you can only pull off once.</p>\n<p>Your Institutional Asian Uncle breaks down the gap between LREIT's engineered dividend growth and its shrinking organic revenue. I reveal why like-for-like tenant sales grew just 1.1% (not the headline 7.2%), what the 1.8x ICR really means for your capital safety, and why quantitative models price fair value at 27 cents—far below current trading levels. You'll learn the difference between financial engineering and real portfolio strength.</p>\n<p>Watch the full forensic breakdown to discover whether LREIT's 6% yield is a genuine income opportunity or a yield trap disguised by clever accounting. 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Your Institutional Asian Uncle breaks down the gap between LREIT's engineered dividend growth and its shrinking organic revenue. I reveal why like-for-like tenant sales grew just 1.1% (not the headline 7.2%), what the 1.8x ICR really means for your capital safety, and why quantitative models price fair value at 27 cents—far below current trading levels. You'll learn the difference between financial engineering and real portfolio strength. Watch the full forensic breakdown to discover whether LREIT's 6% yield is a genuine income opportunity or a yield trap disguised by clever accounting. Get the complete \"Buy, Hold, or Sell\" verdict plus the institutional data that mainstream analysts won't show you. 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