CGS analysts Lock Mun Yee and Natalie Ong have kept their distribution per unit (DPU) estimates unchanged for FY2024 to FY2026 for the time being. Their target price is also maintained at 39 cents.
Analysts from CGS International, Citi Research and Maybank Securities have kept their “add” and “buy” calls after ESR-LOGOS REIT (SGX:J91U
) (E-LOG) posted its business update for the 1QFY2024 ended March 31 on April 23.
E-LOG reported gross revenue of $89.0 million for the 1QFY2024, 8.9% lower y-o-y while net property income (NPI) fell by 10.8% y-o-y to $62.9 million.
