ESR-REIT 3Q2020 Financial Results have been released on 30th October 2020. The financial results are always in a sea of red. However, I will still continue to monitor this REIT as 100% of its portfolio is unencumbered. Can the manager turn around the financial results of ESR-REIT? Let us take a look at ESR-REIT 3Q2020 financial results. In 3Q2020, Gross Revenue and Net Property Income (“NPI”) fell 8.1% to S$56.9 million and 10.94% to S$40.4 million respectively. Distribution per Unit (“DPU”) for 3Q2020 is 0.798 Singapore cents including the payment of S$3.5 million distributable income from 1Q2020 which was previously retained in view of
COVID-19 uncertainties. ESR-REIT 3QFY20 Financial Results 3QFY20
(S$’000) 3QFY19
(S$’000) YoY(%) Gross Revenue 56,946 61,965 (8.1)% Net Property Income 40,375 45,336 (10.94)% Distributable Amount  28,276 33,824 (16.40)% Distribution Per...