Shares & Derivatives
ESR-REIT Review @ 28 July 2021
By REIT-TIREMENT  •  July 28, 2021
Basic Profile & Key Statistics ESR-REIT invests in Industrial, Business Park and Logistics properties which currently owns 58 properties (exclude fund investment) in Singapore. Performance Highlight Performance has improved YoY due to the absence of rental rebates and lower property expenses. 1H 2021 rental reversion is at -1.6%. On 28 April, ESR-REIT divested 2 non-core properties at 5% above valuation. ESR-REIT has completed the acquisition of 46A Tanjong Penjuru on 29 June. Besides the acquisition of 46A Tanjong Penjuru, ESR-REIT has also completed its maiden overseas acquisition of 10% interest in ESR Australia Logistics Partnership (EALP), which comprises 36 properties across different parts of Australia. AEI for 10TS is ongoing and is on track to be completed by 3Q 2021. There are also 2 upcoming AEI for 16 Tai Seng Street and 7000 AMK. All these AEI would bring further value upon completion. Related Parties Shareholding...
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance