ESR REIT, Mapletree Industrial Trust & Keppel REIT Report Results
ESR REIT reported a 1.7% YoY increase in distribution per unit (DPU) to S$0.00712 for Q3 on the back of a 7.2% YoY increase in gross revenues to S$61.1mn and an 8.6% rise in net property income (NPI) to S$43.9mn. The manager attributed the growth to the acquisition of...
ESR REIT Plans SGD Perp as part of ARA LOGOS Acquisition Plan
ESR REIT is expected to issue new debt including an SGD-denominated Perp as part of its ARA Logos acquisition plan as per IFR. ESR REIT plans to refinance all of ARA Logos’ existing debt plus related interest rate swaps worth ~S$87.9mn ($65.3mn), as well as...
ESR REIT & ARA Logos Plan $1bn Merger
Singapore-based ESR-REIT and ARA Logos Logistics Trust have proposed a S$1.4bn ($1bn) merger that involves ESR acquiring all of ARA Logos’ units in exchange for cash and new units. The transaction will be effected by way of a trust scheme of arrangement with a...
