ESR-REIT Likely to Continue Asset Sales -- Market Talk

Dow Jones

Jan 20

0257 GMT - ESR-REIT is likely to continue selling its assets as a number of them have land-lease expiry of under 15 years, says Citi analyst Brandon Lee in a note. The real-estate investment trust sold eight properties in December, which Lee notes would be distribution-per-unit dilutive but boost the trust's portfolio land-lease expiry upon completion. More sales are also likely as the REIT's ratio of net debt to total assets remains high at 39.2%, he says. This implies only around S$55 million in debt headroom before hitting 40%, he says. He trims his 2026 and 2027 DPU estimates by 4.5% and 6.1%, respectively, following the sale of eight properties. Citi cuts its target price to S$3.05 from S$3.06 but maintains a buy rating. Units fall 0.4% to S$2.78. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 21:57 ET (02:57 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2604622168"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2604622168\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2604622168?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-20 10:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2604622168","market":"sg","top_or_hot":-1,"title":"ESR-REIT Likely to Continue Asset Sales -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0257 GMT - <a href=\"https://laohu8.com/S/9A4U.SI\">ESR-REIT</a> is likely to continue selling its assets as a number of them have land-lease expiry of under 15 years, says Citi analyst Brandon Lee in a note. The real-estate investment trust sold eight properties in December, which Lee notes would be distribution-per-unit dilutive but boost the trust's portfolio land-lease expiry upon completion. More sales are also likely as the REIT's ratio of net debt to total assets remains high at 39.2%, he says. This implies only around S$55 million in debt headroom before hitting 40%, he says. He trims his 2026 and 2027 DPU estimates by 4.5% and 6.1%, respectively, following the sale of eight properties. Citi cuts its target price to S$3.05 from S$3.06 but maintains a buy rating. Units fall 0.4% to S$2.78. 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The real-estate investment trust sold eight properties in December, which Lee notes would be distribution-per-unit dilutive but boost the trust's portfolio land-lease expiry upon completion. More sales are also likely as the REIT's ratio of net debt to total assets remains high at 39.2%, he says. This implies only around S$55 million in debt headroom before hitting 40%, he says. He trims his 2026 and 2027 DPU estimates by 4.5% and 6.1%, respectively, following the sale of eight properties. Citi cuts its target price to S$3.05 from S$3.06 but maintains a buy rating. Units fall 0.4% to S$2.78. (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  January 19, 2026 21:57 ET (02:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"01821","symbol_name":"ESR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604622168","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604622168","pubTimestamp":1768877820,"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":"0257 GMT - ESR-REIT is likely to continue selling its assets as a number of them have land-lease expiry of under 15 years, says Citi analyst Brandon Lee in a note. The real-estate investment trust sold eight properties in December, which Lee notes would be distribution-per-unit dilutive but boost the trust's portfolio land-lease expiry upon completion. More sales are also likely as the REIT's ratio of net debt to total assets remains high at 39.2%, he says. This implies only around S$55 million in debt headroom before hitting 40%, he says. He trims his 2026 and 2027 DPU estimates by 4.5% and 6.1%, respectively, following the sale of eight properties. Citi cuts its target price to S$3.05 from S$3.06 but maintains a buy rating. Units fall 0.4% to S$2.78. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01821":"ESR","REIT":"ALPS Active REIT ETF","8C8U.SI":"Cent Accom REIT","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"ESR-REIT可能会继续出售资产——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1.5,"01821":1.5,"8C8U.SI":1.5,"CFA.SI":1.5},"content_text":"0257 GMT - ESR-REIT is likely to continue selling its assets as a number of them have land-lease expiry of under 15 years, says Citi analyst Brandon Lee in a note. The real-estate investment trust sold eight properties in December, which Lee notes would be distribution-per-unit dilutive but boost the trust's portfolio land-lease expiry upon completion. More sales are also likely as the REIT's ratio of net debt to total assets remains high at 39.2%, he says. This implies only around S$55 million in debt headroom before hitting 40%, he says. He trims his 2026 and 2027 DPU estimates by 4.5% and 6.1%, respectively, following the sale of eight properties. Citi cuts its target price to S$3.05 from S$3.06 but maintains a buy rating. Units fall 0.4% to S$2.78. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2026 21:57 ET (02:57 GMT)\n\n\n  Copyright (c) 2026 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}