ESR-LOGOS REIT - DBS Research 2023-10-26: Well Positioned For Tomorrow

• ESR-LOGOS REIT (SGX:J91U)’s 3Q23 operating metrics were in line with our estimates. The decline in revenues and NPI were mainly due to the ~S$380m in divestments completed year-to-date. Looking ahead, another ~S$60m in divestments are expected to be completed by the end of FY23, bringing total divestments this year to slightly more than S$440m.
• - Read this at SGinvestors.io -
• The completion of the AEI at 7002 Ang Mo Kio Avenue 5 is particularly noteworthy, with an encouraging 50% commitment rate and an estimated yield on cost of ~7.1%.

Strong positive rental reversions to continue.

• Rental reversions remained strong, with a notable 13.5% increase, compared to +11.6% in the previous quarter. This upward trajectory was consistent across all property types in both Singapore and Australia.
• - Read this at SGinvestors.io -

Successful divestments of close to S$450m this year.

• 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.

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