- ESR-LOGOS REIT (SGX:J91U) reported 1H24 DPU of S$1.122 cents, -5.4% h-o-h and at 42% and 47% of consensus and our full-year estimates. See ESR-LOGOS REIT's distribution dates.
- - Read this at SGinvestors.io -
NPI addition of S$39m
- ESR-LOGOS REIT proposed acquisitions of S$756.4m in Japan and SG from sponsor’s pipeline. The two acquisitions are estimated to add. S$13m (inc. income support) and S$26m of NPI in the first year of full income contribution.
Raise reversion guidance
- We see double-digit reversions from the logistics and hi-tech segments. While portfolio occupancy slipped 30bps q-o-q, strong reversions of 11.2% cushioned the impact. Business park registered positive reversion of +1.5% despite sector headwinds. Management revised guidance for rental reversion to ~9%.
- - Read this at SGinvestors.io -
- Redevelopment work at 2 Fishery port will likely commence in 1Q25. Negotiation with prospective anchor tenant for pre-commitment (~30% occupancy) is underway.
Increased exposure to logistics and hi-tech
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Li Jialin Maybank Research | https://www.maybank-ke.com.sg/ 2024-08-01
Previous report by Maybank:
2024-04-24 ESR-LOGOS REIT - Refinancing Booked.
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