ESR-Logos REIT *Official* (SGX:J91U)

[addict951]

Update: my gotch
Altogether hor, I subscribed more than 25 lots. All tio! No leefund!

 

[Niaoson]

Using SCB, oversubscribed 26K but only allocated 7K

 

[duhduhduh]

https://www.businesstimes.com.sg/re...ial-offering-36-times-subscribed-raises-s496m

ESR-Reit preferential offering 3.6 times subscribed, raises S$49.6m​

 

[addict951]

.51! New 52-wk high!
Esr reit, together wif several 2nd liner reits (incl. ARA lobos, JEM reit, AIMS, Far East h, oue com, etc) tio added to some index, that’s why all exploded Ytd!!
https://www.businesstimes.com.sg/re...ter-ftse-epra-nareit-global-real-estate-index

 

[Shion]

RHB sees further upside for ESR-REIT, ups target price to 54 cents​

https://www.theedgesingapore.com/ca...her-upside-esr-reit-ups-target-price-54-cents

 

[Shion]

Brokers' take: CGS-CIMB raises target price of industry laggard ESR-Reit to S$0.538​

https://www.businesstimes.com.sg/co...t-price-of-industry-laggard-esr-reit-to-s0538

 

[duhduhduh]

what's with all the bullish calls on ESR reit

 

[Shion]

 

[narutos]

esr trading at $0.465 currently and sugar coat the new issue shares price at $0.51

like that also can ?

this esr always like to low ball to makan others

 

[addict951]

esr like showing signs of chiong hor?
Morning was showing .47, nao .48 liao
Is it Monday leesume trading?

 

[duhduhduh]

Just read the news on the 'merger'.

This offer is for ARALOGO's holders only right?

 

[Opps-gal]

Just read the news on the 'merger'.

This offer is for ARALOGO's holders only right?

https://www.businesstimes.com.sg/companies-markets/esr-reit-ara-logos-propose-s14b-merger"For illustrative purposes, this means an ARA Logos unitholder will receive S$95 in cash and 1,676 units for every 1,000 ARA Logos units held by the books closure date, to be announced. This implies a gross exchange ratio of 1.863 times."

 

[Paul Lee]

esr like showing signs of chiong hor?
Morning was showing .47, nao .48 liao
Is it Monday leesume trading?

Whatever is happening in the market seems to be all falling in place for ESR.

ESR REIT rise rising in price to the 'magical' 51c mark.
ARA LOGO price has dropped to make it unappealing for current holders to exit.

It's all going according to 'plan'

 

[Opps-gal]

.46 only. Have not reach .51

 

[Shion]

ESR-Reit Q3 DPU rises 1.7% on enlarged unit base​

https://www.straitstimes.com/busine...sr-reit-q3-dpu-rises-17-on-enlarged-unit-base

 

[Shion]

ESR-REIT completes $53m divestment of 2 properties​

https://www.theedgesingapore.com/news/reits/esr-reit-completes-53m-divestment-2-properties
ESR-REIT manager ESR Funds Management has announced that RBC Investor Services Trust Singapore (in its capacity as trustee of ESR-REIT) has completed the divestment of 11 Serangoon North Avenue 5 and 3C Toh Guan Road East for approximately $53 million.

This figure excludes divestment costs and GST, and represents a 3% premium to the total fair value of the two properties.

They are valued at $51.5 million as at 30 September 2021, and the $53 million divestment price also represents a 7.1% premium to their total acquisition price.

In a release on Nov 30, ESR-REIT says the divestment is not expected to have a material impact on its net asset value and net property income for the financial year ending 31 December.

Net proceeds from the divestment will be deployed to repay outstanding borrowings and/or fund upcoming asset enhancements, potential acquisitions, unit buy-back and general working capital requirements.

Adrian Chui, CEO and executive director ESR Funds Management added that the proceeds will be channelled towards value creation opportunities to improve the quality of the portfolio.

“With greater financial flexibility, we will continue to seize attractive growth opportunities to deliver greater income growth to unitholders.”

Following the divestment, ESR-REIT’s diversified portfolio will consist of 56 properties located across Singapore with a total gross floor area of approximately 15.3 million square feet.

11 Serangoon North Avenue 5 is a 6-storey multi-tenanted general industrial building located within the Ang Mo Kio Industrial Estate, with a remaining land lease tenure of approximately 35.7 years and a gross floor area of approximately 146,619 square feet.

Meanwhile, 3C Toh Guan Road East is a 5-storey multi-tenanted warehouse located within the Toh Guan Logistics Park.

Housing ancillary office space, the property has a remaining land lease tenure of approximately 29.5 years and a gross floor area of approximately 192,864 square feet.

Shares of ESR-REIT closed at 47 cents on 30 Nov, down 1 cent or 2.08% lower from its previous close.

 

[perrinrahl]

Anyone else holding to this stock?

 

[Okmolly]

Bloody ESR hope the merger fail… using trick to makan Ara holder…. We don’t need Eat **** robber to help us…. Ara share holder is strong

 

[duhduhduh]

DRP.

Anyone choosing shares?

 

[Shion]

RHB keeps ‘buy’ on ESR-REIT as unitholders approve of merger​

https://www.theedgesingapore.com/ca...keeps-buy-esr-reit-unitholders-approve-merger
RHB Group Research analyst Vijay Natarajan has maintained his “buy” rating on ESR-REIT after the REIT’s unitholders voted in favour of the merger with ARA LOGOS Logistics Trust (ALOG) on March 21.

The analyst has also kept his target price of 53 cents.

In his report dated March 22, the analyst has not factored in the effects of the merger into his forecasts, but he expects that the merger should contribute positively to the REIT’s distribution per unit (DPU).

“We expect the combined REIT to execute its strategy of portfolio optimisation and asset enhancements, which should lead to a rerating,” Natarajan says. “With a strong and supportive sponsor and a healthy pipeline of assets, we see good growth potential.”

According to Natarajan, with the merger, new economy assets such as high-technology and logistics warehouses will take up 66% of portfolio rental income, as opposed to 47% at present.

The merger between both REITs is slated to be completed by the end of the 1HFY2022. It will result in a combined REIT asset size of $5.4 billion, making the merged REIT, ESR-LOGOS REIT, one of the top 10 Singapore REITs (S-REITs) by free float market cap.

Following the merger, the REIT’s sponsor ESR Cayman will remain as a key shareholder with 11.2% of combined entity and the REIT manager.

The analyst likes the merger for three reasons.

Firstly, the sizeable new-economy and well diversified portfolio reduces concentration risks, while resolving the conflict of interest from overlapping acquisition mandates with the sponsor.

Secondly, it lowers the cost of capital, with the interest cost alone expected to fall by approximately 100 basis points post-merger.

Finally, the merger offers opportunities to transform its portfolio, by accelerating the divestment of its older, shorter-tenure assets and reinvesting the proceeds into modern new economy assets in the Asia-Pacific, with an estimated US$2 billion ($2.7 billion) worth of sponsor pipeline assets.

As at 3.01pm, units in ESR-REIT are trading at 1 cent up or 2.38% higher at 43 cents, at a price-to-book ratio of 1.07x and dividend yield of 7.2%.