ESR-LOGOS REIT - Maybank Research 2023-02-17: Bolstering The Balance Sheet

• ESR-LOGOS REIT (SGX:J91U) is raising S$300m through a share offering, with S$150m via a preferential offering and S$150m via private placement. Shares will be issued at a 6% discount to VWAP (volume weight average price) of S$0.3502 per share, expanding the share base by 13% (additional ~916m shares). Sponsor assets are available for acquisition in Singapore and Japan.
• - Read this at SGinvestors.io -

What’s next for ESR-LOGOS REIT?

• Management will channel S$293m (~98%) of the EFR (equity fund raising) gross proceeds to potential acquisitions and redevelopment or AEIs, with the remainder to cover related expenses. ESR-LOGOS REIT has three ongoing AEIs, and one cold storage redevelopment project under discussion.
• - Read this at SGinvestors.io -
• ESR-LOGOS REIT's sponsor ESR Group completed development of two assets in Singapore (Tuas Logistics Hub and Logos Penjuru Logistics Centre in Singapore) and two in Japan last year.

De-risking the balance sheet

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-02-02 ESR-REIT - Distribution, NAV Slips But Earnings Quality Improves.

Previous report by Maybank:
2024-11-07 ESR-LOGOS REIT - Stable Operations; Maintain BUY.

Price targets by other brokers at ESR-LOGOS REIT Target Prices.

Listing of research reports at ESR-LOGOS REIT Analyst Reports.

Relevant links:
ESR-LOGOS REIT Share Price History,
ESR-LOGOS REIT Announcements,
ESR-LOGOS REIT Dividend Payout Dates & Corporate Actions,
ESR-LOGOS REIT News