ESR-REIT Appears to Be Planning More Divestments -- Market Talk

Dow Jones
07/14

0311 GMT - ESR-REIT appears to be planning more divestments, RHB Research's Vijay Natarajan says in a research report. The REIT is presently in advanced stages of divesting its non-core hotel assets, the analyst notes. The REIT has identified shorter-lease non-core Singapore assets of around S$300 million-S$400 million, which it intends to divest by next year. There may also be potential interest-cost savings from the refinancing of the REIT's debt due for renewals next year, the analyst adds. However, RHB trims its 2025-2026 distribution-per-unit forecasts for the REIT by 3%-4% to partly reflect new perpetual securities, with an unchanged buy rating. Units are 0.8% higher at S$2.44. (ronnie.harui@wsj.com)

 

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July 13, 2025 23:11 ET (03:11 GMT)

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