ESR-REIT - CGS-CIMB Research 2021-10-27: Attractive Dividend Yield

ESR-REIT - Attractive Dividend Yield

ESR-REIT (SGX:J91U) | SGinvestors.ioESR-REIT (SGX:J91U)
  • ESR-REIT (SGX:J91U)’s 3Q21 DPU of S$0.0071 was in line, at 24% of our FY21F DPU of S$0.0296.
  • 3Q21 occupancy rate remained stable at 91.2%. Year-to-date rental reversion was -2.2% due to renewals of large tenants in business parks.
  • We maintain our FY21-23F DPU forecast. Reiterate ADD call on ESR-REIT on stable income and attractive dividend yield.




Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.




EING Kar Mei CFA CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2021-10-27



Read also CGS-CIMB's most recent report:
2022-10-26 ESR-LOGOS REIT - Healthy Topline Performance.

Previous report by CGS-CIMB:
2022-08-29 ESR-LOGOS REIT - Maiden Foray Into Japan.

Price targets by other brokers at ESR-REIT Target Prices.
Listing of research reports at ESR-REIT Analyst Reports.

Relevant links:
ESR-REIT Share Price History,
ESR-REIT Announcements,
ESR-REIT Dividends & Corporate Actions,
ESR-REIT News Articles















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