ESR-Reit

09/04/2024

As the blessed month of Ramadan comes to an end, ESR-LOGOS REIT extends warm greetings and heartfelt wishes to all our Muslim colleagues, partners, and friends as we celebrate the joyous occasion of Hari Raya Aidilfitri!

As we celebrate this special day, let's also remember those who are less fortunate and extend a helping hand to those in need. Let us spread kindness and joy wherever we go, embodying the true spirit of Hari Raya. Selamat Hari Raya Aidilfitri!

08/03/2024

🌟 Celebrating International Women's Day with ESR-LOGOS REIT! 🌟

On this special occasion, ESR-LOGOS REIT proudly honours the strength, resilience, and achievements of our team members and women worldwide.

E-LOG is also delighted to collaborate with Kueh Ho Jiak, a multi-generational family business led by the dynamic mother-daughter duo, Sandy Tan and Elizabeth Chan. This family of ladies not only brings you the delightful taste of Nonya Kueh but also champions a cause close to our hearts – women empowerment.

As part of our commitment to supporting meaningful initiatives, we celebrate not only the rich cultural heritage of Singapore but also the impactful work being done by this incredible family.

As we savour the delightful flavours of Kueh Ho Jiak, let us also reflect on the importance of supporting businesses that go beyond profit margins. E-LOG is honoured to contribute to a cause that aligns with our values of community, empowerment, and diversity.

29/09/2023

🌕🏮 ESR-LOGOS REIT wishes everyone a joyful Mid-Autumn Festival! 🏮🌕

As the full moon shines, may your life be filled with happiness and success.

20/09/2023

🌊 Making Waves for a Cleaner Tomorrow 🌊

Over the weekend, our dedicated team at ESR-LOGOS REIT took a step closer towards creating a sustainable and cleaner environment! 🌏

We were thrilled to be a part of the Beach Cleanup Initiative at East Coast Park, organised by East Coast GRC. Our team, along with our wonderful family members, rolled up their sleeves and hit the shores with enthusiasm and a shared commitment to a cleaner, greener future.

We are incredibly proud to share that we were joined in our efforts by some remarkable individuals who are strongly passionate about the environment. A big thank you to Deputy Prime Minister Mr. Heng Swee Keat, Senior Minister of State Mr. Tan Kiat How, and Deputy Speaker of Parliament Ms. Jessica Tan Soon Neo for gracing the event with their presence and actively participating in the cleanup alongside our team. 🙌

At ESR-LOGOS REIT, we are committed to making a positive impact. This event is a testament to our dedication to Corporate Social Responsibility (CSR) and our commitment to leaving a lasting legacy for future generations.

We'd like to extend our heartfelt gratitude to East Coast GRC for organising this impactful initiative and to all our team members and their families who devoted their time and energy to make this event a resounding success!

21/04/2023

ESR-LOGOS REIT wishes everyone Selamat Hari Raya Aidilfitri! May this Eid bring happiness and prosperity to you and your family!

22/02/2023

ESR-LOGOS REIT is pleased to announce the completion of divestment of Pandan Logistics Hub at 49 Pandan Road, for a sale consideration of S$43.5 million.

In line with E-LOG’s portfolio rejuvenation strategy to recalibrate our portfolio through the divestment of non-core assets, the sale consideration represented a 15.1% premium to valuation. This divestment allows for E-LOG to recycle capital for redeployment into potential opportunities in New Economy assets, in order to deliver long term value to our Unitholders.

For more information:https://esr-logosreit.listedcompany.com/newsroom/20230221_204452_J91U_ZSNZIGMIASTPWC4J.1.pdf

31/01/2023

ESR-LOGOS REIT is pleased to announce our financial results for the financial year ended 31 December 2022 (“FY2022”), our first set of full year results post-merger with ARA LOGOS Logistic Trust.


Key highlights of FY2022:

- FY2022 DPU increased 0.4% to 3.000 cents, 2H2022 DPU increased 7.5% y-o-y to 1.540 cents
- Positive portfolio rental reversion at 11.8% driven by New Economy businesses in Logistics and High-Specs sectors which comprised 62.8% of E-LOG’s portfolio
- Resilient operational performance underpinned by high occupancy of 92.7% due to stable demand and limited supply of quality spaces
- Gearing at 41.8%, with 72.0% of borrowings on fixed interest rates
- S$320.4 million of committed undrawn revolving credit facilities at attractive margins available to refinance FY2023 loan expiries and working capital
- Continued focus on Rejuvenation and Recycling strategy: AEIs, Redevelopments, and Divestments, to Rejuvenate the quality of E-LOG’s portfolio and Recycling capital towards modern, in-demand and scalable acquisitions


Commenting on E-LOG’s FY2022 performance, Mr. Adrian Chui, Chief Executive Officer and Executive Director of the Manager said, “During the year, we continued to advance our strategy to solidify E-LOG’s position as a leading New Economy and future-ready APAC S-REIT. We completed a successful merger with ARA LOGOS Logistics Trust (“ALOG Trust”), divested S$151.3 million of non-core assets and recycled the capital by acquiring our first property in Japan with the ESR Sakura Distribution Centre acquisition, providing us with access to freehold assets and a presence in three footprint and mature markets.”


“Despite the uncertainties and challenges posed by the impact of high inflation, rising interest rates and geopolitical tensions, we continue to stay prudent in our risk management strategies and were able to deliver stable growth both operationally and financially. Leveraging on the continued tailwinds of economic structural trends, we continued to rejuvenate E-LOG’s portfolio towards in-demand, scalable and quality New Economy assets.”

For more information, please refer to: https://esr-logosreit.listedcompany.com/financial_results.html

20/01/2023

ESR-LOGOS REIT wishes everyone a prosperous and Happy Chinese New Year! May the Year of the Rabbit bring upon an abundance of health and wealth to you and your family!

01/12/2022

Big thank you to SGX Group for featuring ESR-LOGOS REIT (“E-LOG”) in this week’s SGX 10-in-10 Series. 🤝

Read on to learn how our three-pillar strategy continues to position E-LOG as a leading New Economy Future Ready REIT - one which is poised to capture opportunities and emerging trends in the “New Economy” space. 👍

Click here to read the full report:
https://bit.ly/3XJyitn

01/11/2022

Analysts maintain 'buy' on ESR-LOGOS REIT.

The Edge Singapore reported that analysts at DBS Group Research, CGS-CIMB Research and OCBC Investment Research (OIR) maintained their “buy” calls on E-LOG with lower target prices, following the REIT’s 3QFY2022 business update.

Key takeaways:

• DBS Bank analysts Dale Lai and Derek Tan noted that E-LOG has reported another quarter of strong double-digit reversions of 11.4%. CGS-CIMB analysts Lock Mun Yee and Natalie Ong point out that E-LOG has 6.4% of leases expiring in 4QFY2022 and a further 27% in FY2023. “We anticipate the positive reversion trend to continue in FY2022.”

• “In terms of capital management, E-LOG’s all-in cost of debt stood at 3.27% at end-3QFY2022. An estimated 66.66% of borrowings are of fixed rates. E-LOG has $390 million of debt due to be refinanced in 4QFY2023,” said CGS-CIMB. “The rapid rise in interest rates will lead to higher overall borrowing costs,” said DBS Bank.

• Factoring in higher interest costs, analysts from the three houses have lowered their projections for FY2023 and FY2024 DPU projections by 2%-4.8% with target prices ranging from 42 to 44 cents per unit.

Read on: https://bit.ly/3gVF6TU

The analysts anticipate the positive reversion trend to continue in FY2022.