ESR REIT (EREIT)

DBS confident about ESR REIT joining the big leagues

See what the analysts have to say on these counters.

RHB Group Research has maintained a “buy” rating on ESR-REIT

The $11.1 million figure excludes represents a 7.8% premium to the fair value of the property.

"We are a sizable and well-diversified REIT with strong banking support, low cost of debt and a balanced debt expiry profile."

In Singapore’s West-meets-East culture, people in positions of authority are rarely challenged so openly.

Following the completion of the merger, the enlarged REIT will have total assets amounting to around $4.1 billion, which places it among the top five developer-backed industrial S-REITs by asset size.

The total distributable income to unitholders amounts to some $40.8 million after the REIT says it has decided to retain about $7.0 million in 1Q20 for “prudent cash flow management”.

At its IPO, in Australia, ESR Cayman directly owned 481.7 sq m in gross floor area (GFA) of completed properties, 35.9 sq m in GFA of properties under construction, and four parcels of land.

SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.