ESR-REIT's Asset Sales May Spur More Share Buybacks -- Market Talk

Dow Jones

Sep 05

0431 GMT - ESR-REIT's sales of non-core assets could expand its debt headroom and spur more share buybacks, says Citi's Brandon Lee in a note. The Singapore-focused industrial REIT is working on reducing its gearing to under 40%, which suggests it could make another S$200 million to S$400 million in sales, he says. This may unlock value for ESR-REIT as it could use newly-available debt headroom to improve its properties and buy back more shares. He expects ESR-REIT's 2025, 2026 and 2027 Singapore net property income to rise by 24%, 3% and 2% respectively, on earlier acquisitions, asset enhancements and occupancy improvement. Citi resumes coverage with a buy rating and S$3.06 target on ESR-REIT. The units are up 1.8% at S$2.81. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 05, 2025 00:31 ET (04:31 GMT)

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The Singapore-focused industrial REIT is working on reducing its gearing to under 40%, which suggests it could make another S$200 million to S$400 million in sales, he says. This may unlock value for ESR-REIT as it could use newly-available debt headroom to improve its properties and buy back more shares. He expects ESR-REIT's 2025, 2026 and 2027 Singapore net property income to rise by 24%, 3% and 2% respectively, on earlier acquisitions, asset enhancements and occupancy improvement. Citi resumes coverage with a buy rating and S$3.06 target on ESR-REIT. The units are up 1.8% at S$2.81. 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The Singapore-focused industrial REIT is working on reducing its gearing to under 40%, which suggests it could make another S$200 million to S$400 million in sales, he says. This may unlock value for ESR-REIT as it could use newly-available debt headroom to improve its properties and buy back more shares. He expects ESR-REIT's 2025, 2026 and 2027 Singapore net property income to rise by 24%, 3% and 2% respectively, on earlier acquisitions, asset enhancements and occupancy improvement. Citi resumes coverage with a buy rating and S$3.06 target on ESR-REIT. The units are up 1.8% at S$2.81. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 05, 2025 00:31 ET (04:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"9A4U.SI","symbol_name":"ESR REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2565536444","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565536444","pubTimestamp":1757046660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0431 GMT - ESR-REIT's sales of non-core assets could expand its debt headroom and spur more share buybacks, says Citi's Brandon Lee in a note. The Singapore-focused industrial REIT is working on reducing its gearing to under 40%, which suggests it could make another S$200 million to S$400 million in sales, he says. This may unlock value for ESR-REIT as it could use newly-available debt headroom to improve its properties and buy back more shares. He expects ESR-REIT's 2025, 2026 and 2027 Singapore net property income to rise by 24%, 3% and 2% respectively, on earlier acquisitions, asset enhancements and occupancy improvement. Citi resumes coverage with a buy rating and S$3.06 target on ESR-REIT. The units are up 1.8% at S$2.81. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"9A4U.SI":"ESR REIT","REIT":"ALPS Active REIT ETF","01821":"ESR","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"ESR-REIT的资产出售可能会刺激更多股票回购——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01821":1,"CFA.SI":1,"9A4U.SI":0.9,"REIT":1},"content_text":"0431 GMT - ESR-REIT's sales of non-core assets could expand its debt headroom and spur more share buybacks, says Citi's Brandon Lee in a note. The Singapore-focused industrial REIT is working on reducing its gearing to under 40%, which suggests it could make another S$200 million to S$400 million in sales, he says. This may unlock value for ESR-REIT as it could use newly-available debt headroom to improve its properties and buy back more shares. He expects ESR-REIT's 2025, 2026 and 2027 Singapore net property income to rise by 24%, 3% and 2% respectively, on earlier acquisitions, asset enhancements and occupancy improvement. Citi resumes coverage with a buy rating and S$3.06 target on ESR-REIT. The units are up 1.8% at S$2.81. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 05, 2025 00:31 ET (04:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}