SINGAPORE (July 14): ESR-REIT, formerly known as Cambridge Industrial Trust, has not had a lot going for it recently.
A fire at its property at 30 Toh Guan Road in 2Q17, along with effects of multi-tenanted building (MTB) conversions and the divestment of two properties since the second half of 2016, saw ESR-REIT’s 2Q distribution per unit (DPU) fall 11.3% y-o-y to 0.956 cents.
