ESR-LOGOS REIT - CGS-CIMB Research 2024-02-05: Restarting Inorganic Growth

• ESR-LOGOS REIT (SGX:J91U) reported a 3.1%/6.5% y-o-y decline in 2H23 gross revenue/NPI to S$189.5m/S$132.3m, due largely to income vacuum from divested assets, weaker A$ vs S$, and partly offset by contributions from ESR Sakura Distribution Centre, acquired in Oct 2022.
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2H23 DPU -23% y-o-y

• 2H23 DPU of 1.186 cents was 23% lower y-o-y due to an expansion in units base from the equity fund raising exercise in May 2023. See ESR-LOGOS REIT's distribution dates.

Positive reversions of 11.1% in FY23

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18.3% of leases due to be recontracted in FY24

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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/.

Previous report by CGS-CIMB:
2023-10-27 ESR-LOGOS REIT - Strengthening Balance Sheet.

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