Analysts positive on ESR-LOGOS REIT amid recent acquisition of its first Japan asset

Analysts are positive about ESR-LOGOS REIT (E-LOG) in light of its recent maiden entry into Japan with its acquisition of ESR Sakura Distribution Centre.

The REIT had announced the acquisition of 100% of the trust beneficiary interest in ESR Sakura Distribution Centre (ESDC) for a purchase consideration of approximately $183.5 million, inclusive of rental support, on Aug 29.