Floating Button
Home Capital Broker's Calls

Maybank lowers FY2026 DPU by 3.8% on ESR-REIT due to ‘potential income vacuum’ from divestments

Douglas Toh
Douglas Toh • 3 min read
 Maybank lowers FY2026 DPU by 3.8% on ESR-REIT due to ‘potential income vacuum’ from divestments
Liu notes that the REIT’s focus in the FY2026 will shift towards acquisitions in Japan, with equity fundraising unlikely to be an option. Photo: ESR-REIT
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analyst Liu Miaomiao of Maybank Securities is keeping her “buy” call on ESR-REIT at an unchanged target price of $3.00 following the REIT’s FY2025 ended December 2025 results.

In the period, ESR-REIT’s dividend per unit (DPU) grew 3.4% y-o-y to 21.44 cents.

Growth was underpinned by an 11.7% y-o-y increase in rental reversion, a 3 percentage point (ppts) y-o-y rise in net property income (NPI) margin and inorganic contributions.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.