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...