ESR REIT announced on Tuesday that its distributable income rose to SGD 44.2 million, up 7% from SGD 41.3 million in the same period last year. This growth was driven by the acquisitions of ESR Yatomi Kisosaki Distribution Centre in Mie Prefecture, Japan, and 20 Tuas South Avenue 14 in Singapore in November 2024.

Net property income increased by 31.3% from SGD 62.9 million to SGD 82.5 million, while total revenue grew by 24.2% from SGD 89 million to SGD 110.5 million.

ESR REIT's units closed 2.4% higher, or SGD 0.005 up, at SGD 0.21 on Monday.