Basic Profile & Key Statistics ESR-REIT invests in Industrial, Business Park and Logistics properties which currently owns 57 properties in Singapore. 
Performance Highlight Gross revenue, NPI, distributable income and DPU increased YoY due to absense of rental rebates, contributions from 46A Tanjong Penjuru and 10% interest in EALP.

YTD rental reversion is at -2.2%
ESR has divested 45 Changi South Avenue 2 at 7.8% premium to fair value. AEI at 19TS is expected to be completed by 4Q 2021 while AEI for 7000 AMK is expected to start in Oct and completed by 3Q 2023. 
On 15th October, ESR-REIT announced the proposed merger with ARA LOGOS Logistics Trust (ALOG) to form ESR-LOGOS REIT.
This merger is expected to be DPU accretive to unitholders.
As per the previous ALOG review post, the main benefits are larger in size for sponsor and REIT itself, more acquisition pipeline and a more diversified portfolio. 

Related Parties...