ESR-Reit cash call on the cards?

Could ESR-Reit be next to tap the equity market to raise funds, following such cash calls recently made by First Reit and Lippo Malls Indonesia Retail Trust?

After a failed bid to bring peer Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) into its fold last month - due to a "lowball" offer price - ESR-Reit has nonetheless not given up on pursuing portfolio acquisitions to scale up.

The listed real estate investment trust in industrial properties shared in its financial results announcement last week that acquisitions remain an integral part of its portfolio growth strategy, and it will explore overseas and local acquisition and development opportunities.