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ESR-REIT kept at 'add' pending clarity on equity fund raising to revitalise portfolio, repay debt

Stanislaus Jude Chan
Stanislaus Jude Chan6/19/2019 11:54 AM GMT+08  • 3 min read
ESR-REIT kept at 'add' pending clarity on equity fund raising to revitalise portfolio, repay debt
SINGAPORE (June 19): CGS-CIMB Research is maintaining its forecasts on ESR-REIT “pending greater clarity” on details of an equity fund raising to raise up to $150 million.
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SINGAPORE (June 19): CGS-CIMB Research is maintaining its forecasts on ESR-REIT “pending greater clarity” on details of an equity fund raising to raise up to $150 million.

The brokerage is keeping its “add” recommendation on ESR-REIT with an unchanged target price of 60 cents.

The manager of ESR-REIT earlier this week announced the proposed equity fund raising exercise.

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