Lendlease REIT 4.28% Perp Reality | SGX Daily Pulse 15 Apr | 🦖EP1548

Lendlease REIT 4.28% Perp Reality | SGX Daily Pulse 15 Apr | 🦖EP1548

The market cheered Lendlease's 4.28% perp pricing as a refinancing win, but an ICR of 1.8x means the income floor is one bad quarter from cracking. With gearing at 38.4% against a 35% forensic ceiling, this is not de-risking — it is a debt wall dressed in a lower coupon.

For anyone deploying S$100,000 from CPF or SRS into a yield play right now, the math is unforgiving. The 6-month T-Bill sits at 1.47%, the forensic floor is 3.2%, and the minimum equity hurdle is 4.7% — and LREIT's perp clears none of those bars on a risk-adjusted basis. Capital protection demands you ask what you are paid to accept, not just what the manager is willing to offer.

📺 YouTube: https://youtu.be/sQ3PW4zG72A

📩 Substack: https://investingiguana.com/p/lendlease-reit-18x-icr-warning-sgx

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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With gearing at 38.4% against a 35% forensic ceiling, this is not de-risking — it is a debt wall dressed in a lower coupon.\nFor anyone deploying S$100,000 from CPF or SRS into a yield play right now, the math is unforgiving. The 6-month T-Bill sits at 1.47%, the forensic floor is 3.2%, and the minimum equity hurdle is 4.7% — and LREIT's perp clears none of those bars on a risk-adjusted basis. Capital protection demands you ask what you are paid to accept, not just what the manager is willing to offer.\n📺 YouTube: https://youtu.be/sQ3PW4zG72A\n📩 Substack: https://investingiguana.com/p/lendlease-reit-18x-icr-warning-sgx\n</body></html>","htmlText":"<html><head></head><body>\n<img src=\"https://community-static.tradeup.com/news/4f2f8d729d5e1987a578a4d2cfebff62\" tg-width=\"1920\" tg-height=\"1080\">\nLendlease REIT 4.28% Perp Reality | SGX Daily Pulse 15 Apr | 🦖EP1548\nThe market cheered Lendlease's 4.28% perp pricing as a refinancing win, but an ICR of 1.8x means the income floor is one bad quarter from cracking. With gearing at 38.4% against a 35% forensic ceiling, this is not de-risking — it is a debt wall dressed in a lower coupon.\nFor anyone deploying S$100,000 from CPF or SRS into a yield play right now, the math is unforgiving. The 6-month T-Bill sits at 1.47%, the forensic floor is 3.2%, and the minimum equity hurdle is 4.7% — and LREIT's perp clears none of those bars on a risk-adjusted basis. Capital protection demands you ask what you are paid to accept, not just what the manager is willing to offer.\n📺 YouTube: https://youtu.be/sQ3PW4zG72A\n📩 Substack: https://investingiguana.com/p/lendlease-reit-18x-icr-warning-sgx\n</body></html>","text":"Lendlease REIT 4.28% Perp Reality | SGX Daily Pulse 15 Apr | 🦖EP1548 The market cheered Lendlease's 4.28% perp pricing as a refinancing win, but an ICR of 1.8x means the income floor is one bad quarter from cracking. With gearing at 38.4% against a 35% forensic ceiling, this is not de-risking — it is a debt wall dressed in a lower coupon. For anyone deploying S$100,000 from CPF or SRS into a yield play right now, the math is unforgiving. The 6-month T-Bill sits at 1.47%, the forensic floor is 3.2%, and the minimum equity hurdle is 4.7% — and LREIT's perp clears none of those bars on a risk-adjusted basis. Capital protection demands you ask what you are paid to accept, not just what the manager is willing to offer. 📺 YouTube: https://youtu.be/sQ3PW4zG72A 📩 Substack: https://investingiguana.com/p/lendlease-reit-18x-icr-warning-sgx","highlighted":1,"essential":2,"paper":2,"likeSize":198,"commentSize":0,"repostSize":10,"favoriteSize":0,"link":"https://ttm.financial/post/553931314333248","repostId":0,"isVote":1,"tweetType":1,"viewCount":944,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["LLC.AU","CFA.SI","REIT","8C8U.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":706,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/553931314333248"}