The REIT’s 9MFY2023 net property income (NPI) margin remained stable y-o-y at around 70.8%, posting a 19.4% y-o-y increase in its NPI to $206.1 million while its 9MFY2023 gross revenue saw a 19.2% y-o-y increase to $290.7 million.
Following ESR-LOGOS REIT (SGX:J91U
) ’s (E-LOG) stable 9MFY2023 ended Sept 30 results, the analysts at CGS-CIMB Research, DBS Group Research and Maybank Securities have all kept their “add” and “buy” calls.
CGS-CIMB analyst Lock Mun Yee has kept her target price unchanged at 39 cents, while Maybank analyst Li Jialin and DBS’s Derek Tan and Dale Lai have lowered their target prices to 31 cents and 34 cents respectively, both down from 38 cents previously.
