ESR-LOGOS REIT

Thank you to The Edge Singapore for featuring ESR-LOGOS REIT in Part 2 of the REITs Investment Forum 2024, held this week, with the theme "Is It Time For REITs Growth?" Our CEO, Adrian Chui, had the privilege of presenting on "Managing an Industrial Portfolio Through Cycles," where he shared ESR-LOGOS REIT’s strategy over the past few challenging years for the REITs industry. Despite these challenges, we emerged stronger and are now well-positioned to capitalise on the imminent rate cuts and the promising recovery ahead. A special thank you to our fellow panellists for an engaging discussion: - Mr. Ronald Tan, SVP Equity Capital Markets at SGX Group - Professor Joseph Ooi, Co-Director at the Institute of Real Estate and Urban Studies (IREUS), National University of Singapore (NUS) - Mr. Kelvin Chow, CEO of Lendlease Global Commercial REIT We also extend our heartfelt thanks to Goola Warden, Executive Editor at The Edge Singapore, for moderating the session and for the thought-provoking questions from the audience. Here's to insightful conversations and exciting times ahead for REITs! 🚀 #ESRLOGOSREIT #ELOG #NewEconomy #FutureReady #TheEdgeSingapore

Thank you The Financial Coconut for featuring our CEO, Adrian Chui, in the Be REITired podcast series, in collaboration with SGX Group and REITAS (REIT Association of Singapore) . In this insightful episode, Adrian dives into ESR-LOGOS REIT's strategic approach in navigating the current business landscape, his outlook on the interest rate environment and detailing how E-LOG is positioned to capitalise on the anticipated interest rate cuts. Adrian also discusses our strategy in executing AEIs and Redevelopments to elevate the quality of our portfolio, as well as how E-LOG seamlessly integrates sustainability into our operations, all while driving profitability and creating value for our Unitholders. 🎧 Watch the full podcast below! https://lnkd.in/gyFcnBqk #ESRLOGOSREIT #ELOG #BeREITired #NewEconomy #FutureReady #Sustainability

🎨🎶 Empowering Our Future through Art and Music 🎶🎨 At ESR-LOGOS REIT, we believe in the power of community and are proud to collaborate with the People's Association, Artlette Art Studio, and The Music Works Pte Ltd (TMW)—both tenants at our ESR BizPark @ Chai Chee—for a special initiative aimed at nurturing the creative talents of the young minds in the Kembangan-Chai Chee (KCC) community. Over the past 12 weeks, children from the KCC community embarked on an inspiring journey to explore the world of art and music, honing their skills and unleashing their creativity. This enriching program has provided these children with invaluable experiences that will shape their future and spark lifelong passions. A special thank you to Dr. Choo Pei Ling, Second Adviser to Marine Parade GRC GROs (Kembangan-Chai Chee), for gracing the graduation ceremony last week and presenting certificates to the children together with our Deputy CEO, Ms. Karen Lee, marking a remarkable milestone in their learning journey. We are proud to be in this journey with our esteemed tenants, Artlette Art Studio and The Music Works Centre, whose contributions have been instrumental in making this initiative a success. At ESR-LOGOS REIT, we aspire to engage and involve our stakeholders to serve the community, and this collaboration has been a true testament to that mission. Together, we aim to build a brighter future for our communities through art, music, and collaboration. 🌟 #ESRLOGOSREIT #ELOG #CommunitySupport #PeoplesAssociation #KembanganChaiChee #CSR

🇸🇬 Happy National Day, Singapore! 🎉 ESR-LOGOS REIT wishes all a happy National Day and happy 59th birthday Singapore! We are proud to be part of this resilient and innovative nation and here’s to a future filled with endless opportunities and continued success. Majulah Singapura! 🇸🇬 #ESRLOGOSREIT #ELOG #SG59

In Case You Missed It! 📢 We are thrilled to share that our CEO, Adrian Chui, was featured on CNBC Asia's Squawk Box segment last Friday, where he had a fantastic discussion with anchors Martin Soong and John Patrick (JP) Ong. Adrian provided valuable insights into our recently announced 1H2024 financial results and the transformational proposed acquisitions of the ESR Yatomi Kisosaki Distribution Centre in Japan and 51% of 20 Tuas South Ave 14 in Singapore. He also highlighted how these acquisitions are "On-Strategy" assets for ESR-LOGOS REIT, significantly enhancing the quality of our portfolio. These assets also come with green features that align perfectly with our business strategy moving forward. We extend our heartfelt thanks to CNBC Asia for this opportunity. Watch the full interview below to catch all the details! #ESRLOGOSREIT #ELOG #CNBCAsia #SquawkBox #NewEconomy #FutureReady

RHB says ESR-LOGOS REIT’s portfolio rebalancing ticks right boxes. The Edge Singapore has reported that RHB Singapore analyst Vijay Natarajan has kept his “buy” call following E-LOG’s 1H2024 financial results announcement and announcement of the two proposed acquisitions in Japan and Singapore, tweaking his target price from 34 cents to 35 cents. Key Highlights: ✅Although the 1HFY2024 results “missed expectations” on lower-than-expected income top ups, Natarajan says that the REIT’s proposal to acquire two sponsor assets checks all the right boxes in its long-term portfolio rebalancing strategy. ✅While amount available for distribution fell, translating to a lower DPU for 1H2024, Natarajan notes this is due to divestments, decommissioning of asset for redevelopment and pending contributions from redevelopments along with lower income top-ups. ✅Natarajan is optimistic about the news that E-LOG is proposing an acquisition of two modern warehouse and high-specification assets in Japan and Singapore from its sponsor. ✅“Post-acquisition gearing, though, is expected to climb to 41% (from 35.7%), but EREIT guided that it is still working on $200 million - $300 million of potential divestments that should lower gearing further,” Natarajan says. To read the full article, please refer to: https://lnkd.in/gqj2YUNy (paywall) #ESRLOGOSREIT #ELOG #ESR #4R #NewEconomy #FutureReady

ESR-LOGOS REIT is proud to announce the +1.8% DPU accretive proposed acquisitions of ESR Yatomi Kisosaki DC, a modern logistics facility located in Nagoya, Japan, as well as a 51% interest in 20 Tuas South Avenue 14, Singapore, a high-specifications manufacturing facility with newly constructed ramp-up logistics warehouses with modern specifications. Highlights of the acquisitions: ✅Proposed acquisition of 100% interest in modern logistics facility ESR Yatomi Kisosaki Distribution Centre, Nagoya, Japan, and a 51% interest in a high-specifications manufacturing facility and ramp-up logistics warehouses, 20 Tuas South Avenue 14, Singapore ✅Acquisitions expected to be 1.8% DPU accretive to Unitholders Japan and Singapore acquisitions are acquired at attractive NPI yields and at a 2.3% discount each to their respective average valuation ✅Acquisitions will increase E-LOG’s New Economy assets exposure and increase portfolio underlying land lease to mitigate land lease decay impact on valuations ✅Acquisitions further reinforce strong Sponsor support from ESR Group in providing pipeline of high-quality New Economy assets to E-LOG to establish flagship New Economy REIT ✅Total acquisition outlay of c. S$772.6 million to be funded by a mix of green debt financing and proceeds raised via a preferential offering of new units backstopped by ESR Group Commenting on the acquisitions, Mr. Adrian Chui, Chief Executive Officer and Executive Director of the Manager said, “We are pleased to announce the proposed acquisitions of ESR Kisosaki DC and 20TSA as we embark on the next phase of growth for E-LOG. These acquisitions from our Sponsor, ESR Group's asset pipeline, align seamlessly with E-LOG's “4R Strategy” and will significantly enhance E-LOG's New Economy portfolio and extend the underlying land leases to create a resilient and future-ready portfolio. By integrating these high-quality assets, E-LOG’s portfolio will increasingly pivot towards future-ready green assets, reinforcing our commitment to sustainability and long-term value. These acquisitions will improve E-LOG’s key portfolio metrics significantly and underscore our dedication to creating a resilient and future-ready green portfolio. We are confident that our “4R Strategy” will drive long-term value for our Unitholders and will continue to execute on our growth strategy effectively with the strong support from our Sponsor, ESR Group.” For more information, please refer to: https://lnkd.in/gmV5_Vas #ESRLOGOSREIT #ELOG #NewEconomy #Acquisitions #FutureReady #4R

ESR-LOGOS REIT is pleased to announce its 1H2024 financial results today. Highlights of 1H2024 Financial Results: ✅1H2024 Gross Revenue and NPI dipped 8.1% and 9.2% respectively due to divestment of non-core assets in FY2023 and 2Q2024, and decommissioning of 2 Fishery Port Road ✅On same-store basis, Gross Revenue and NPI grew 1.6% and 0.5% respectively ✅Strong 11.2% positive rental reversion driven by New Economy assets in Logistics and High-Specs Industrial sectors, with stable occupancy ✅Newly completed AEI at 7002 Ang Mo Kio Avenue 5 achieved c.87% occupancy ✅Low gearing of 36.5% provides significant debt headroom for growth strategy, with 75.0% of borrowings on fixed interest rates ✅No refinancing risk – all FY2024 expiring debt has been refinanced in April 2024 with E-LOG’s first sustainability linked loan facility ✅TOP obtained for built-to-suit Redevelopment at 21B Senoko Loop with 15-year master lease with built-in annual rental escalations 1H2024 DPU at 1.122 cents, a decrease of 18.6%, mainly due to the divestment of non-core assets, decommissioning of 2 Fishery Port Road and enlarged unit base from the equity fund raising in 1H2023 with proceeds pending deployment ✅Announced proposed acquisitions of +1.8% DPU accretive New Economy assets in Japan and Singapore for total acquisitions outlay of c.S$772.6 million, continuing E-LOG’s portfolio Rejuvenation and capital Recycling strategies Commenting on E-LOG’s 1H2024 performance, Mr. Adrian Chui, Chief Executive Officer and Executive Director of the Manager said, "We are pleased to announce a robust set of results that underscores the resilience of E-LOG’s portfolio amidst the challenging landscape for the REIT industry where inflation and interest rates remained elevated in the first half of FY2024. Through the successful initial execution of our “4R Strategy” in FY2023, which focused on Recycling capital and Recapitalising our balance sheet, we have optimised the performance of our existing portfolio and lowered our gearing, effectively navigating the high-interest rate and high-inflation environment. Now, with our gearing currently at 36.5%, it provides significant debt headroom as E-LOG positions itself for its next stage of growth. Our focus for the remainder of FY2024 is to continue actively managing our portfolio amidst continued geopolitical and inflation risks which continues to affect business sentiments for expansion." For more information, please refer to: https://lnkd.in/g-8dx6-D #ESRLOGOSREIT #ELOG #NewEconomy #FutureReady

ESR-LOGOS REIT would like to express our appreciation to REITAS (REIT Association of Singapore) for inviting Ms. Charlene-Jayne Chang, E-LOG’s Head of Capital Markets and Investor Relations, to lecture on the Investor & Media Relations module at the 2024 REIT Management course held recently.   We are proud to have contributed to the professional development of our fellow REIT professionals and we hope the participants found the session insightful and gained a deeper understanding of the crucial role that investor and media relations play within the REIT structure. Effective communication is essential in our industry, and we are committed to fostering these skills among our peers. Through our efforts, we aim to elevate the overall level of communications in the industry, promoting more transparent and effective interactions with our respective stakeholders!   #ESRLOGOSREIT #ELOG #ESR #REITAS #REITManagement #InvestorRelations #Communications #NewEconomy #FutureReady

ESR-LOGOS REIT would like to extend our thanks to HSBC for the invitation to the HSBC 8th Annual Asia Credit Conference held earlier this week in Hong Kong. It was a great opportunity for us to meet with investors and engage in meaningful conversations, allowing us the avenue to share insights on E-LOG’s unique value proposition and to discuss our strategies to navigate the current business landscape. Thank you to HSBC and all participants for the productive discussions and for fostering an enriching environment. Charlene-Jayne Chang Lyn Ong #ESRLOGOSREIT #ELOG #ESR #HSBC #NewEconomy #FutureReady