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We met with management for an update. ESR REIT (SGX:9A4U) recently completed the divestment of several industrial assets and a vacant hotel strata lot with proceeds likely to be redeployed into Australia. It is also in advanced discussions to secure an anchor tenant for the revamped 29 Tai Seng. Industrial demand remains firm, with FY26 rent reversions likely to come in higher than previous guidance.
- - Read this at SGinvestors.io -
Divestments largely complete, Australia acquisitions beckon.
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ESR REIT has completed the divestment of seven industrial assets (announced in Dec 2025) and a vacant hotel strata lot at Changi Business Park. The divestment of 46A Tanjong Penjuru for S$113.5m) is set for completion in the coming weeks, bringing year-to-date total divestment value to S$440m. It has plans to divest another two shorter-lease assets (~S$50m) to end users.
- - Read this at SGinvestors.io -
Asset enhancements update.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2026-06-30
Previous report by RHB:
2026-02-05 ESR-REIT - Focusing On Raising Portfolio Quality; Stay BUY.
Price targets by other brokers at ESR REIT Target Prices.
Listing of research reports at ESR REIT Analyst Reports.
Relevant links:
ESR REIT Share Price History,
ESR REIT Announcements,
ESR REIT Dividend Payout Dates & Corporate Actions,
ESR REIT News
