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ESR group
Offer
Qatar Investment Authority joins consortium to take ESR Group private
The expanded consortium now has a total stake of 1.69 billion shares or a 39.9% stake in ESR.
October 05, 2024
Data centres
ESR completes first phase of US$2 bil flagship data centre campus in Osaka, Japan
The OS1 data centre will be ready for service in May 2025.
August 29, 2024
Broker's Calls
Morningstar cuts ESR Group TP by 18% on ‘disappointing’ 1HFY2024
The real asset manager posted a loss of US$58 million for 1HFY2024, reversing from earnings of US$304 million in 1HFY2023.
August 23, 2024
Results
ESR Group reports US$58 mil loss in 1HFY2024; 31.4% lower revenue
The group reports steady progress in its key business priorities despite the challenging environment in 2024.
August 21, 2024
China Focus
Chinese warehouses, industrial parks grappling with surprising slowdown
Singapore-listed REITs with China assets have underperformed the broader stock market.
June 26, 2024
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.
June 23, 2024
Offer
ESR Group receives offer from consortium of investors including Starwood
ESR Group receives offer from Consortium including Starwood
May 13, 2024
Property
Starwood Group is said to mull buyout of warehouse developer ESR
Deliberations are preliminary and may not lead to a buyout
May 13, 2024
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
April 12, 2024
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
March 21, 2024