ESR-REIT

SINGAPORE (Oct 26): ESR-REIT announced that its DPU for 3Q18 has increased by 4.1% to 1.004 cents compared to 0.964 cents in 3Q17.

SINGAPORE (Aug 13): ESR-REIT announced 2Q18 DPU increased by 4.7% to 1.001 cents from 0.956 cent in 2Q17 on higher net property income (NPI) and distributions from gains relating to past divestments.

SINGAPORE (June 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 cents.

SINGAPORE (May 21): Maybank Kim Eng is downgrading its call on Viva Industrial Trust (VIT) to “hold” from “buy” previously, with a lowered target price of 96 cents.

SINGAPORE (May 18): ESR-REIT will buy rival Viva Industrial Trust in a proposed deal valued at $936.7 million, marking the first consolidation among Singapore's crowded mid-cap real estate investment trusts.

SINGAPORE (May 18): The respective managers of ESR-REIT and Viva Industrial Trust (VIT) have announced the details in the proposed merger to create the fourth largest industrial REIT in Singapore with approximately $3.0 billion in assets.

SINGAPORE (May 16): Maybank Kim Eng is keeping its “buy” rating on Viva Industrial Trust (VIT) with a target price of $1.05.

SINGAPORE (Apr 24): CIMB is reiterating its “add” call on ESR-REIT while lowering its target price on the trust to 60 cents from 64 cents previously after cutting FY18F-20F DPU estimates by 8-9.7%.

SINGAPORE (Apr 24): ESR Funds Management announced that ESR-REIT is acquiring 15 Greenwich Drive,  a modern ramp-up logistics facility, for an estimated purchase price of $95.8 million.

SINGAPORE (Apr 20): The manager of ESR-REIT, formerly known as Cambridge Industrial Trust, has declared an earnings per unit (EPU) of 0.847 cent for 1Q18, which is 15.6% lower than the 1Q EPU of 1.004 cents a year ago impacted mainly by the new units issu