ESR-Reit

ESR-Reit reports 2.3% dip in Q1 NPI to S$80.6 million

Total distributable income rises 1.4% year on year to S$44.8 million

ESR Yatomi Kisosaki Distribution Centre in Mie, Japan, an asset in ESR Reit's portfolio. The Reit's manager expects interest rates in Japan to "continue their upward trajectory".

ESR Reit’s FY2026 DPU will drop if divestment proceeds are not redeployed: manager

Geopolitical tensions ‘have contributed to volatility in energy prices and inflation expectations’, it notes

Philip Pearce, ESR Group president, notes that Singapore was always a more significant office and base than Hong Kong.

Privatisation reset puts ‘simplified’ ESR on growth path from Singapore

It has pulled US$700 million in foreign capital to Singapore over the last two years, and aims to double core AUM to more than US$80 billion by 2030

20 Tuas South Avenue 14 (pictured), was acquired by ESR-Reit in 2024.

ESR-Reit eyes S$8 billion AUM over five years, targets 8-10% unitholder returns

These goals will be achieved through selective redevelopments and acquisitions, while actively paring short land lease assets

The deal involves the hotel strata lot located at 2 Changi Business Park Avenue 1.

Coliwoo to acquire S$101 million Changi asset from ESR-Reit

The property’s location in Changi Business Park provides access to an established corporate tenant base

The price tag represents a 2% premium to the independent valuation of the properties as at Nov 30.

ESR-Reit sells 8 Singapore assets to Brookfield for S$338.1 million; sale would trim distribution

The move is part of Reit’s strategy to offload non-core assets, particularly those suffering lease decay

Maybank noted that the Reit’s increase in distributable income was underpinned by organic net property income (NPI) growth and contribution from strategic acquisitions.
BROKERS’ TAKE

Maybank upgrades ESR Reit to ‘buy’ on positive developments

[SINGAPORE] Maybank Securities has upgraded ESR Reit to “buy”, from “hold” previously – with a 50 per cent higher target price of S$3 – on the back of positive developments within the real estate inve...

The higher distributable income came amid the acquisitions of 100% of trust beneficiary interest in ESR Yatomi Kisosaki Distribution Centre, and of a 51% stake in 20 Tuas South Avenue 14 (pictured), says the Reit's manager.

ESR-Reit 9M distributable income up 6.8% at S$134.6 million

Net property income rises 28.6% on the year to S$247.8 million, from S$192.7 million

Distributable income for H1 FY2025 is up 4.5% at S$90.1 million.

ESR-Reit H1 DPU inches up 0.2% to S$0.11239

Net property income rises 30.1% to S$166.3 million in the half year