ESR-LOGOS REIT (E-LOG)

REITs

ESR-LOGOS REIT signs new 20-year lease at 3 Tuas South Ave 4

The newly signed lease comes with built-in rental escalations and has positive rental growth over the previous lease.
ESR-LOGOS REIT’s build-to-suit redevelopment at Senoko Loop attains TOP - THE EDGE SINGAPORE

REITs

ESR-LOGOS REIT’s build-to-suit redevelopment at Senoko Loop attains TOP

The new development is leased to NTS Singapore on a triple net basis for 15 years.

Broker's Calls

Maybank keeps ‘neutral’ on S-REITs, ‘agnostic’ on the sector

CICT, CLAR and LREIT were named as analyst Krishna Guha’s picks.
ESR Sakura Distribution Centre achieves 100% occupancy; 7002 Ang Mo Kio Avenue 5 increases occupancy to 62% - THE EDGE SINGAPORE

REITs

E-LOG REIT's Sakura Distribution Centre achieves 100% occupancy; 7002 Ang Mo Kio Avenue 5 increases occupancy to 62%

Units in E-LOG closed 0.5 cents lower or 1.96% down at 25 cents on Oct 26.

Results

ESR-LOGOS REIT reports 3QFY2023 gross revenue of $290.7 mil, 19.2% higher y-o-y

During the quarter, the REIT achieved double-digit positive rental reversion of 13.5%, 2.1 percentage points higher y-o-y.
ESR-LOGOS REIT’s Ang Mo Kio property obtains TOP and achieves 50% occupancy after AEI - THE EDGE SINGAPORE

REITs

ESR-LOGOS REIT’s Ang Mo Kio property obtains TOP and achieves 50% occupancy after AEI

Units in E-LOG closed 0.5 cents lower or 1.85% down at 26.5 cents on Oct 4.

REIT Watch

ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53.0 mil

The consideration represents a premium of 35.2% above the property’s valuation of $39.2 million as at Aug 31.
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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