Stocks to watch: ESR-Logos Reit, First Reit, ISDN

THE following companies saw new developments that may affect trading of their securities on Friday (Sep 30):

ESR-Logos Reit : Its trustee has agreed to divest the trust’s property at 2 Jalan Kilang Barat for S$35.3 million, translating to a 21.7 per cent premium to valuation. An independent valuer had valued the 9-storey purpose-built industrial building at S$29 million as at Thursday when the announcement was made. ESR-Logos Reit units ended flat at S$0.355, before the news.

First Real Estate Investment Trust (First Reit): It has obtained a 1.7 billion yen (S$16.9 million) non-recourse social loan from Japan’s Shinsei Bank, which has partially funded the Reit’s 2.6 billion yen acquisitions of 2 nursing homes in Japan. Units of First Reit closed unchanged at S$0.265, prior to the announcement.