However, income was weighed down by higher operating costs and the divestment of a hotel the REIT used to own at Changi Business Park.
Analysts from DBS Group Research and CGS International have reiterated their bullish calls on ESR-REIT, after a "resilient" 1QFY2026, along with better prospects ahead with positive rental reversions.
For the quarter, gross revenue fell 0.4% y-o-y to $110.1 million, while net property income declined by 2.3% y-o-y to $80.6 million. The REIT was able to secure positive rental reversions and paid lower funding costs.
