- 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-07-27
Read also DBS's most recent report:
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 Dividends & Corporate Actions,
ESR-LOGOS REIT News Articles
