SINGAPORE (Jan 27): Amid a subdued economic environment and a consolidation of portfolios through the merging of real estate investment trusts (REITs), ESR-REIT provides a good investment opportunity, analysts say.

With its 57 properties around Singapore, the REIT has a total gross floor area (GFA) of approximately 15.1 million sq ft and a net property value of $2.93 billion. These properties house some 328 tenants from business parks, high specs industrialisation, logistics and warehousing.

For FY2019 ended Dec 31, 2019, ESR-REIT posted a distribution per unit (DPU) of 4.011 cents, a 4.0% increase from the previous year’s 3.857 cent distribution. The number of units used for DPU calculation rose 71.1%.

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