REIT AsiaPac

Sign up for our FREE news and magazine on Asia Pacific REITs

Singapore REIT

ESR-LOGOS REIT Delivers Q2 2022 DPU of 0.737 Singapore Cents, 1.9% Higher Than Previous Quarter

July 27, 2022 – ESR-LOGOS REIT announced that its distribution per unit (DPU) for the period from 1 April 2022 to 30 June 2022 (Q2 2022) is 0.737 cents, which is 1.9% higher than the DPU for Q1 2022 of 0.723 cents.

The Q2 2022 financial results are the first set of combined financial results released after the completion of the merger with ARA LOGOS Logistics Trust  in April 20221.

ESR-LOGOS REIT currently has a quality portfolio comprising approximately S$5.5 billion of total assets and is well positioned to provide total return upside to investors.

Mr. Adrian Chui, Chief Executive Officer and Executive Director of the Manager, said, “Our 1H2022 performance reflects our enlarged, well-diversified and quality portfolio which is well- positioned to capture positive rental reversion upside, while mitigating rising utilities and inflationary pressures amidst a volatile interest rate environment with prudent risk management strategies. Our AEIs and redevelopments further position our portfolio to be future-ready as the secular trends and structural growth changes continue.”

Read more here..

Related News