ESR group

China Focus

Chinese warehouses, industrial parks grappling with surprising slowdown

Singapore-listed REITs with China assets have underperformed the broader stock market.

Company in the news

ESR Group receives no objection letter from Shanghai Stock Exchange on listing of logistics REIT

ESR Group is the sponsor of several Singapore-listed REITs including ESR-LOGOS REIT (E-LOG) and Sabana Industrial REIT.
ESR Group receives offer from consortium of investors including Starwood  - THE EDGE SINGAPORE

M&A

ESR Group receives offer from consortium of investors including Starwood

ESR Group receives offer from Consortium including Starwood
Starwood Group is said to mull buyout of warehouse developer ESR - THE EDGE SINGAPORE

Property

Starwood Group is said to mull buyout of warehouse developer ESR

Deliberations are preliminary and may not lead to a buyout
DBS keeps 'buy' call on ESR-LOGOS REIT following divestment of Australia property at premium to valuation - THE EDGE SINGAPORE

Broker's Calls

DBS keeps 'buy' call on ESR-LOGOS REIT following divestment of Australia property at premium to valuation

Since FY2023, the REIT has divested around $500 million worth of assets, fetching an average premium of just 1% to valuations
ESR’s Patmi declines by 59.8%, doubles down on data centres - THE EDGE SINGAPORE

Results

ESR’s maintains focus on fee-related AUM, doubles down on data centres

ESR Group's FY2023 Patmi declined by 59.8%, in line with peers. Plans to double down on data centres continue
ESR announces divestment of ARA Private Funds to Sumitomo Mitsui Finance & Leasing - THE EDGE SINGAPORE

Finance

ESR announces divestment of ARA Private Funds to Sumitomo Mitsui Finance & Leasing

ESR plans divestment of ARA Private Funds to Sumitomo Mitsui Finance & Leasing

REITs

ESR Group readies C-REIT for listing to raise RMB2.88 billion

ESR has filed to list ESR C-REIT with three logistics assets in Kunshan and looking to raise RMB2.88 billion

Broker's Calls

DBS keeps 'buy' call on ESR-LOGOS REIT following sale of Tuas property at above valuation

'Overall, we see this as a positive for EREIT as they continue to carry out their portfolio rejuvenation and repositioning'
Chairman of E-LOG REIT’s sponsor steps down as non-executive director of the REIT’s manager - THE EDGE SINGAPORE

REIT Watch

Chairman of E-LOG REIT’s sponsor steps down as non-executive director of the REIT’s manager

In an SGX filing, Perlman cited his promotion to global president of Warburg Pincus as his reason for his cessation.
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