“During the year, we continued to advance our strategy to solidify ELOG’s position as a leading New Economy and future-ready APAC S-REIT,” says Adrian Chui, CEO of the REIT manager.
ESR-LOGOS REIT has reported a distribution per unit of 1.54 cents for 2HFY2022 ended Dec 2022, up 7.5% y-o-y. This brings full year distribution to 3 cents, versus 2.987 cents paid for FY2021.
Net property income for 2HFY2022 was $141.5 million, up 64% y-o-y, while revenue was up 61% y-o-y to $195.6 million. The growth was driven by contributions from ALOG Trust. The two entities merged last April.
