As such, both Vijay Natarajan of RHB and Dale Lai and Derek Tan of DBS have maintained their respective "buy" calls on this counter as they believe the REIT is "bottoming out".
ESR REIT reported a 17% drop in its DPU for FY2024 as the REIT did not enjoy income from divested assets and as certain other properties are being redeveloped or down for asset enhancement initiatives.
However, analysts from DBS Group Research and RHB Bank Singapore remain optimistic on this REIT as they believe such portfolio rejuvenation efforts will bear fruit in the current FY2025.
