ESR-Reit
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...
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
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
ESR-Reit Q1 NPI up 31.3% at S$82.5 million on acquisitions, asset enhancements
Distributable income is 7% higher on the year at S$44.2 million
ESR Reit completes sale of logistic warehouse for S$6.8 million
Amount represents a 3.5 per cent premium over valuation of S$6.6 million
ESR Group warns of plunge into US$730 million loss on asset and project revaluations
It also records a decline in promote and transaction-based fees
ESR-Reit prices S$125 million securities at 5.75%
[SINGAPORE] ESR-Reit has priced S$125 million in subordinated perpetual securities at 5.75 per cent under its S$750 million multicurrency debt issuance programme.
ESR Reit posts 15.9% fall in H2 DPU to S$0.00997
This brings total DPU for FY2024 to S$0.02119, down 17.4% year on year
ESR Reit to sell Tuas industrial building for S$9.9 million
It expects the divestment to be completed in Q1 2025
