ESR Real Estate Investment Trust (ESR-REIT)

ESR-REIT secures over 63% committed occupancy for 19 Tai Seng Avenue property ahead of AEI completion - THE EDGE SINGAPORE

REITs

ESR-REIT secures over 63% committed occupancy for 19 Tai Seng Avenue property ahead of AEI completion

The manager of ESR-REIT has announced on May 27 that its property at 19 Tai Seng Avenue has secured over 63% committed occupancy ahead of completion of asset enhancement initiatives (AEI)

ESR-REIT completes 10% acquisition of ESR Australia Logistics Partnership for A$60.5 mil - THE EDGE SINGAPORE

REITs

ESR-REIT completes 10% acquisition of ESR Australia Logistics Partnership for A$60.5 mil

ESR-REIT, on May 14, announced that it has completed the acquisition of the 10% stake in ESR Australia Logistics Partnership (EALP) by RBC Investor Services Trust Singapore for a purchase considera

REITs

ESR-REIT divests Serangoon and Toh Guan Road properties for $53 mil

The manager of ESR-REIT says it has entered into put and call options to divest its properties on 11 Serangoon North Avenue 5 and 3C Toh Guan Road for a total consideration of $53 million.

Broker's Calls

Analysts mostly positive on ESR-REIT on 'improving prospects'

Analysts from CGS-CIMB and DBS Group Research have given ESR-REIT “buy” recommendations on the REIT’s “improving prospects” following its 3QFY2020 results.

ESR-REIT reports 20.2% drop in 3Q DPU to 0.798 cents - THE EDGE SINGAPORE

Results

ESR-REIT reports 20.2% y-o-y drop in 3Q DPU to 0.798 cents

The manager of ESR-REIT has declared distribution per unit (DPU) of 0.798 cents for the 3QFY2020 ended Sept 30, down 20.2% from the 1.00 cent declared a year ago but up 20.5% q-o-q.

REITs

MAS says regulatory framework does not stop shareholder group from owning substantial stakes in two REIT managers

The Monetary Authority of Singapore (MAS) says its regulatory framework does not prevent a shareholder group from owning substantial stakes in two REIT managers managing REITs invested in the same

REITs

An ESR-REIT rally to 55 cents would solve the discount to NAV offer for Sabana REIT

The REITs with the highest price to net asset value (P/NAV) ratios have been fairly constant this year.

REITs

Quarz Capital and other Sabana REIT unitholders pen letter to MAS, SGX RegCo on 'severe conflict of interest issues' related to merger with ESR-REIT

Activist investor Quarz Capital, Black Crane, and over 50 unitholders of Sabana Shariah Compliant Industrial REIT (Sabana REIT) have, on August 17, written to the Monetary Authority of Singapore (M

ESR-REIT says there will be no increase in offer price for proposed merger with Sabana REIT

REITs

ESR-REIT says there will be no increase in offer price for proposed merger with Sabana REIT

The manager of ESR-REIT says it will not increase the scheme consideration and that the exchange ratio of 0.940 is final.

ESR-REIT plans growth by merger with Sabana REIT

REITs

ESR-REIT plans growth by merger with Sabana REIT

SINGAPORE (July 17): The managers of ESR-REIT and Sabana Shariah Compliant Industrial REIT — both controlled by ESR Cayman — have announced the proposed merger of the two REITs via a trust scheme o

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