REIT Could Deploy Divestment Proceeds to Potential Australian Assets

Dow Jones

Jul 01

0206 GMT - ESR-REIT is likely to deploy proceeds from its sales of several industrial assets and a hotel lot to Australia, says RHB Research's Vijay Natarajan in a note. The industrial and logistics-focused real-estate investment trust is in advanced negotiations to buy a Melbourne logistics asset portfolio, he notes. The portfolio offers potential acquisition net property income yield of around 5.5%, with room for good rental growth, he adds. Still, RHB Research trims its 2026-2028 distribution per unit forecasts by 1.0%-2.0% to factor in the recent divestment and potential acquisition plans. It cuts its target price on ESR-REIT's units to S$3.05 from S$3.15 but retains a buy rating. Units drop 1.7% to S$2.30. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 30, 2026 22:06 ET (02:06 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2648599303"},"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:\"2648599303\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2648599303?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-01 10:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648599303","market":"fut","top_or_hot":-1,"title":"REIT Could Deploy Divestment Proceeds to Potential Australian Assets","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0206 GMT - <a href=\"https://laohu8.com/S/9A4U.SI\">ESR-REIT</a> is likely to deploy proceeds from its sales of several industrial assets and a hotel lot to Australia, says RHB Research's Vijay Natarajan in a note. The industrial and logistics-focused real-estate investment trust is in advanced negotiations to buy a Melbourne logistics asset portfolio, he notes. The portfolio offers potential acquisition net property income yield of around 5.5%, with room for good rental growth, he adds. Still, RHB Research trims its 2026-2028 distribution per unit forecasts by 1.0%-2.0% to factor in the recent divestment and potential acquisition plans. It cuts its target price on <a href=\"https://laohu8.com/S/01821\">ESR</a>-REIT's units to S$3.05 from S$3.15 but retains a buy rating. Units drop 1.7% to S$2.30. 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The industrial and logistics-focused real-estate investment trust is in advanced negotiations to buy a Melbourne logistics asset portfolio, he notes. The portfolio offers potential acquisition net property income yield of around 5.5%, with room for good rental growth, he adds. Still, RHB Research trims its 2026-2028 distribution per unit forecasts by 1.0%-2.0% to factor in the recent divestment and potential acquisition plans. It cuts its target price on <a href=\"https://laohu8.com/S/01821\">ESR</a>-REIT's units to S$3.05 from S$3.15 but retains a buy rating. Units drop 1.7% to S$2.30. (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  June 30, 2026 22:06 ET (02:06 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":"LU0149534421.HKD","symbol_name":"SCHRODER ISF HONG KONG EQ \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648599303","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648599303","pubTimestamp":1782871560,"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":"0206 GMT - ESR-REIT is likely to deploy proceeds from its sales of several industrial assets and a hotel lot to Australia, says RHB Research's Vijay Natarajan in a note. The industrial and logistics-focused real-estate investment trust is in advanced negotiations to buy a Melbourne logistics asset portfolio, he notes. The portfolio offers potential acquisition net property income yield of around 5.5%, with room for good rental growth, he adds. Still, RHB Research trims its 2026-2028 distribution per unit forecasts by 1.0%-2.0% to factor in the recent divestment and potential acquisition plans. It cuts its target price on ESR-REIT's units to S$3.05 from S$3.15 but retains a buy rating. Units drop 1.7% to S$2.30.  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The industrial and logistics-focused real-estate investment trust is in advanced negotiations to buy a Melbourne logistics asset portfolio, he notes. The portfolio offers potential acquisition net property income yield of around 5.5%, with room for good rental growth, he adds. Still, RHB Research trims its 2026-2028 distribution per unit forecasts by 1.0%-2.0% to factor in the recent divestment and potential acquisition plans. It cuts its target price on ESR-REIT's units to S$3.05 from S$3.15 but retains a buy rating. Units drop 1.7% to S$2.30. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 30, 2026 22:06 ET (02:06 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":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}