ESR-LOGOS REIT (E-LOG)

E-LOG reports 9MFY2024 NPI of $192.7 mil, 6.5% lower y-o-y - THE EDGE SINGAPORE

Results

E-LOG reports 9MFY2024 NPI of $192.7 mil, 6.5% lower y-o-y

The REIT’s net asset value (NAV) per unit stood at 29.6 cents as at Sept 30.
Proposed Japan and Singapore acquisitions to support ESR-LOGOS REIT’s ‘4R Strategy’ - THE EDGE SINGAPORE

REITs Report 2024

Proposed Japan and Singapore acquisitions to support ESR-LOGOS REIT’s ‘4R Strategy’

This refers to rejuvenating the portfolio, recapitalising for growth, recycling capital, and reinforcing the sponsor's commitment.

REIT Watch

ESR-LOGOS REIT divests 81 Tuas Bay Drive for $35 mil

The consideration represents a premium of 16.7% above the property’s valuation of $30 million as at Aug 16.
E-LOG's DPU falls by 18.6% in 1HFY2024 following 2023 divestments, plans two acquisitions - THE EDGE SINGAPORE

Results

E-LOG's DPU falls by 18.6% in 1HFY2024 following 2023 divestments, plans two acquisitions

E-LOG's DPU in 1HFY2024 fell by 18.6% following divestment of 11 properties in FY2023.

Broker's Calls

Following divestments made in April, RHB lowers TP for ESR-LOGOS REIT

The brokerage house however has kept its “buy” call, noting the REIT’s divestment has helped it weather high interest rates.

Broker's Calls

Analysts keep ‘buy’ calls on ESR-LOGOS REIT; Maybank lowers TP

The analysts' target prices range from 32 cents to 39 cents.

Results

ESR-LOGOS REIT reports 10.8% lower NPI of $62.9 mil in 1QFY2024

As at March 31, the REIT’s NAV stood at 31.1 cents.

REITs

E-LOG REIT to divest Maidstone Street property for A$65.5 mil

The divestment is not expected to have a material impact on E-LOG’s NAV and DPU for FY2024.
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