ESR-LOGOS REIT (E-LOG)

Broker's Calls

Analysts positive on ESR-LOGOS REIT despite slower macro outlook and near-term challenges

The analysts expect DPU to remain relatively flat before posting a healthy organic growth from FY2025 onwards.

Results

ESR-LOGOS REIT’s 1HFY2023 DPU falls by 5.6% y-o-y to 1.378 cents mainly on enlarged unit base

Unitholders will receive their distributions on Sept 27.
RHB, DBS stay 'buy' as ESR-LOGOS REIT divests seven assets with 'slightly high' discount - THE EDGE SINGAPORE

Broker's Calls

RHB, DBS stay 'buy' as ESR-LOGOS REIT divests seven assets with 'slightly high' discount

“All key metrics, such as weighted average land lease tenures and weighted average lease expiry rates should improve slightly.”
ESR-LOGOS to divest seven non-core assets for $337.0 mil - THE EDGE SINGAPORE

REITs

ESR-LOGOS to divest seven non-core assets for $337.0 mil

Post-completion, E-LOG’s aggregate leverage on a pro forma basis will decrease from 41.8% to 33.6%.

Property

Sanli Environmental acquires ESR-LOGOS REIT’s property at 22 Chin Bee Drive for $13.8 mil

The property’s open market valuation was $13.8 million as at May 10.
OIR lowers ESR-LOGOS REIT's TP to 38 cents due to impact of an enlarged share base - THE EDGE SINGAPORE

Broker's Calls

OIR lowers ESR-LOGOS REIT's TP to 38 cents due to impact of an enlarged share base

The analyst has also lowered her DPU estimates for FY2023 to FY2027 by 8% to 10%.
Emboldened, REITs may raise equity following Link REIT’s successful rights issue take-up, E-LOG's EFR - THE EDGE SINGAPORE

REITs

Emboldened, REITs may raise equity following Link REIT’s successful rights issue take-up, E-LOG's EFR

MLT is raising $200mil to part finance $913mil of acquisitions; Link REIT and E-LOG's EFR may spur other REITs to follow suit

REITs

ESR-LOGOS REIT seeks to raise $300 mil via private placement and preferential offering

The units from the private placement will be offered at an issue price of between 33 cents to 33.5 cents per new unit.
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