ESR group

REITs

ESR completes construction of Wenzhou Ruian Logistics Park in China

The park has a planned gross floor area (GFA) of 129,000 sqm.

Property

ESR Group and GIC establish US$600 mil JV to acquire core industrial and logistics assets in India

The new core JV will provide capital that’s dedicated to enabling inorganic growth of the platform.

REITs

ESR completes construction of ESR Kawasaki Ukishima Distribution Centre

The distribution centre is located in the greater Tokyo Bay area.
DBS and Maybank maintain 'buy' calls for ESR-LOGOS REIT with unchanged TPs - THE EDGE SINGAPORE

Broker's Calls

DBS and Maybank maintain 'buy' calls for ESR-LOGOS REIT with unchanged TPs

DBS and Maybank analysts have kept their target prices unchanged at 50 cents and 55 cents respectively.
ELOG enters into $69.6 mil unsecured loan facility agreement - THE EDGE SINGAPORE

REITs

E-LOG enters into $69.6 mil unsecured loan facility agreement

Units in ELOG closed 1.5 cents lower or 4.29% down at 33.5 cents on Oct 13.
ESR Group acquires Mitsui's 7.7% stake in the manager of ESR-LOGOS REIT - THE EDGE SINGAPORE

REITs

ESR Group acquires Mitsui's 7.7% stake in the manager of ESR-LOGOS REIT

With the acquisition of Mitsui’s stake, ESR now owns 99% of the ELOG manager.

REITs

ESR and LOGOS achieve anchor close for new co-branded Pan Asia Core+ Venture with US$250 mil of equity commitments

The initial raising was led by LOGOS on behalf of ESR Group.
ESR-LOGOS REIT: Future-ready after transformational merger  - THE EDGE SINGAPORE

REITs

ESR-LOGOS REIT: Future-ready after transformational merger

ESR-LOGOS REIT plans future-ready portfolio with AEIs, acquisitions, divestments
ESR Group closes $714.1 mil sustainability-linked loan with upsize option - THE EDGE SINGAPORE

Environmental, Social and Governance

ESR Group closes $714.1 mil sustainability-linked loan with upsize option

To date, the group has closed a total of US$3 billion ($4.2 billion) in sustainability-linked loans.

Results

ESR Group reports revenue of US$432 mil for 1HFY2021, up 9.4% from previous year's pro-forma revenue

Following the successful accretive acquisition of ARA Asset Management, EPS growth was 31.8% despite the enlarged share base.
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