ESR-LOGOS REIT - DBS Research 2023-07-27: Recapitalised For Growth

• ESR-LOGOS REIT (SGX:J91U)'s 1H23 Revenues and NPI were 33.35% and 37.0% higher, mainly due to April 2022’s merger with ALOG. It was also partly due to acquisition of Sakura Distribution Centre in October 2022.
• - Read this at SGinvestors.io -
• ESR-LOGOS REIT's 1H23 DPU of 1.378 cents in line with our projections. 1H23 distributable income of S$101.5m (includes S$17.5m in capital gains distribution) was 37.9% higher y-o-y, mainly due to the merger with ALOG as well as the acquisition in Japan, partially offset by higher financing costs.
• Capital gains distribution likely to continue in coming quarters to help offset some of the absence of income from ongoing AEIs and redevelopments. Estimated to have a remaining S$30m in capital gains able to be utilised.
• - Read this at SGinvestors.io -
• S$150m preferential offering on 28 April 2023.

Slight decline in overall portfolio valuations

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-01-27 ESR-REIT - Rejuvenated Portfolio Will Be Showcased In FY25.

Previous report by DBS:
2023-10-26 ESR-LOGOS REIT - Well Positioned For Tomorrow.

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