ESR-REIT

SINGAPORE (Dec 14): ESR Funds Manager, the manager of ESR-REIT, is acquiring an 80% stake in 7000 AMK which owns a leasehold interest in 7000 Ang Mo Kio Ave 5 for $243.5 million.

SINGAPORE (Dec 11): DBS is upgrading ESR-REIT to “buy” with unchanged 62 cents target price given its recently announced portfolio reconstitution exercise and an infusion of new capital via the sale of perpetual securities.

SINGAPORE (Nov 25): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) says talks with the manager of ESR-REIT involving the sale of its assets or units, have ceased.

SINGAPORE (Oct 19): The manager ESR-REIT has entered into a sale and leaseback deal with Hyflux.

SINGAPORE (Oct 17): ESR Funds Management, the manager of ESR-REIT, has declared distribution per unit (DPU) of 0.964 cents for the 3Q ended September, a decline of 2.3% from DPU of 0.987 cents a year ago.

SINGAPORE (Aug 25): The manager of ESR-REIT has fired back against reports that the REIT’s property at 30 Toh Guan Road may have used materials that did not meet the Singapore Civil Defence Force’s (SCDF) fire safety requirements.

SINGAPORE (Aug 8): Religare Capital Markets says the amalgamation of ESR-REIT and Sabana REIT will create a bigger, more liquid and investable REIT.

SINGAPORE (July 14): ESR-REIT, formerly known as Cambridge Industrial Trust, has not had a lot going for it recently.

SINGAPORE (July 13): The manager of ESR-REIT, the former Cambridge Industrial Trust, has declared a DPU of 0.956 cents for the 2Q17 ended June, down 11.3% from 1.078 cents a year ago.

SINGAPORE (July 7): Daiwa Capital Markets is maintaining its “hold” call on ESR-REIT – formerly known as Cambridge Industrial Trust (CIT) – with an unchanged target price of 57 cents after its recent meeting with the REIT’s management and its ne