6 stories mentioning SGX:9A4UUpdated just now
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ESR-REIT (SGX:9A4U) has an average rating of overweight and mean price target of SG$2.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
ESR-REIT (SGX:9A4U) said Australian tenants ACFS Port Logistics and TZI 1 have arrears of about AU$12.2 million in rent as of July 31, according to a Friday Singapore Exchange filing.Both tenants also entered administration on Aug. 6, while receivers were also appointed to ACFS Port Logistics.The REIT said it drew on bank guarantees held against the leases to reduce the unpaid amount to about AU$1.5 million. It has also issued notices demanding payment.ACFS leases three ESR-REIT properties in Australia and accounted for about 5.2% of the REIT's rental income as of June 30. Administrators and receivers will decide whether ACFS will continue operating from the properties.If ACFS leaves, ESR-REIT said it will seek new tenants and take other legal or contractual steps as needed.Shares of the industrial REIT fell nearly 2% in recent trade.
ESR-REIT (SGX:9A4U) completed the asset enhancement initiative at 29 Tai Seng Street in Singapore, and has obtained its temporary occupation permit, according to a Tuesday bourse filing.The upgraded property has also secured the BCA Green Mark GoldPLUS (Provisional) certification.Additionally, the property has achieved 100% occupancy ahead of schedule following the execution of a ten-year lease with PSB Academy.
ESR-REIT (SGX:9A4U), through its trustee Perpetual (Asia), has completed the sale of its high-specification industrial property at 12 Ang Mo Kio Street 65 for S$33.3 million, according to a Friday filing with the Singapore Exchange.The final sale consideration represents a 2.1% premium over the property's independent valuation of S$32.6 million as of June 30.Following the divestment, ESR-REIT's portfolio comprises 61 properties across Singapore, Japan and Australia, along with investments in three property funds in Australia.Proceeds from the divestment will be used to repay outstanding borrowings, fund potential acquisitions, support asset enhancement initiatives and redevelopments, and meet general working capital requirements.
ESR REIT (SGX:9A4U) completed the divestment of a portfolio of seven industrial properties across Singapore, for SG$225 million, according to a Wednesday bourse filing.Meanwhile, the completion of the divestment of the 46ATP Property is underway.Following the divestment, the REIT's portfolio comprises 63 income-producing properties across Singapore, Japan and Australia.
ESR REIT (SGX:9A4U) established a SG$2 billion Euro medium-term securities program, according to a Tuesday Singapore bourse filing.Shares of the REIT were down under 1% in Wednesday trading.The REIT named Oversea-Chinese Banking Corp. (OCBC) as the arranger and initial dealer of the program.Net proceeds from each issue will be used to refinance existing borrowings, refinance acquisitions, and meet general working capital needs.The REIT has secured the Singaporean bourse's in-principle approval for the program.
