The rest will be paid in 1.7729 new ESR-REIT units at an issue price of 49.24 cents per unit.
RHB Group Research analyst Vijay Natarajan has recommended unitholders of ARA LOGOS Logistics Trust (ALOG) “take profit” with an unchanged target price of 95 cents representing a yield of 6%.
Natarajan’s report on Jan 24 comes after both REIT managers jointly announced that ESR-REIT will pay a higher scheme consideration of 9.7 cents in cash for each ALOG unit on Jan 22.
