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  3. •

    Real estate investment trusts
ESR-REIT

ESR-REIT

1.72
EUR
+0.01
(+0.41%)
Jan 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.77
0.78
0.86
0.85
0.84
0.85
0.76
0.65
0.63
0.59
0.52
0.48
0.56
- -
Basic EPS, GAAP
0.95
0.36
0.4
0.05
- -
-1.25
0.02
0.03
0.27
-0.48
-0.09
-0.17
0.04
- -
Free Cash Flow per Basic Share
0.49
0.48
0.61
0.53
0.53
0.37
0.54
0.46
0.4
0.33
0.35
0.35
0.37
- -
Dividend per Share
0.35
0.34
0.37
0.4
0.35
0.34
0.4
0.23
0.27
0.17
0.29
0.25
0.24
0.54
Book Value per Share
6.85
6.73
6.63
6.25
6.98
5.12
4.74
4.45
4.34
4.09
3.6
3.26
3.13
4.52
Tangible Book Value per Share
6.85
6.73
6.63
6.25
6.98
5.12
4.74
4.45
4.34
4.09
3.6
3.26
3.13
3.87
Basic Weighted Avg Shares
125
127
130
132
131
186
331
353
381
584
744
772
802
193
Sales/Revenue/Turnover
96
99
112
112
110
157
253
230
241
343
386
371
446
- -
Operating Margin (%)
59.7
68.58
68.35
65.43
63.15
63.95
67.35
61.29
64.51
63.48
63.38
62.96
66.98
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
119
45
53
7
1
-233
6
10
102
-278
-67
-128
32
- -
Effective Tax Rate (%)
0.01
0.22
- -
- -
- -
- -
0.26
0.09
2.01
- -
- -
- -
12.7
- -
Profit Margin (%)
123.21
45.62
46.79
6.32
0.56
-148.21
2.4
4.21
42.07
-81.07
-17.46
-34.49
7.1
- -
Working Capital
55
-47
30
14
-201
-367
-244
-289
-272
-259
-257
-86
-318
-175
LT Debt
355
425
525
510
515
986
1,256
1,215
1,200
2,368
1,968
2,821
2,153
1,322
Total Equity
862
866
873
827
930
1,631
1,660
1,598
1,749
2,849
2,765
2,676
2,581
1,600
Return on Invested Capital (%)
2.72
3.95
3.99
3.82
3.34
- -
3.62
2.76
4.95
- -
- -
- -
4.77
- -
Return on Capital (%)
11.42
4.92
5.21
1.93
1.31
- -
2.01
1.96
4.79
- -
- -
- -
1.87
- -
Return on Common Equity (%)
14.43
5.25
6.04
0.83
0.07
-18.16
0.37
0.59
6.07
-12.38
-2.45
-4.75
1.23
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
181
163
92
LT Borrowings
1,060
1,031
1,096
LT Finance Leases
224
225
226
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
339
350
354
Market Capitalization
- -
- -
- -

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
39
27
38
Cash, Cash Equivalents & STI
18
16
21
Accounts Receivable, Net
14
2
17
Inventories
- -
- -
- -
Total Current Liabilities
289
271
213
Payables & Accruals
- -
- -
- -
ST Debt
181
163
92
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.32%
12.53%
-3.53%
Free Cash Flow
20.74%
13.73%
8.58%
Net Income, GAAP
-3,773.5%
92.53%
-124.77%
Sales/Revenue/Turnover
16.89%
15.2%
20.37%
Total Cash Common Dividend
23.93%
27.19%
-0.98%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
371
2025
- -
- -
446
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.17
2025
- -
- -
0.04
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.25
2025
- -
- -
0.24
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Adrian Chui
Full Time Employees
39
Sector
Finance
Industry
Real estate investment trusts
Address
5 Temasek Boulevard Singapore CE Singapore 038985
IPO Date
Jul 14, 2006
Website
esr-reit.com.sg
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Business
ESR-REIT (SGX: 9A4U), a leading New Economy and future-ready Asia Pacific S-REIT, invests in a diversified portfolio of quality income-producing industrial properties including logistics and warehouse facilities; high-specifications industrial buildings; business parks; and general industrial properties across key gateway markets in Singapore, Australia and Japan. Listed on the Singapore Exchange Securities Trading Limited since 25 July 2006 and headquartered in Singapore, ESR-REIT holds interests in 70 properties (excluding a joint venture asset) with total assets of approximately S$5.9 billion as at 30 June 2025, encompassing a total gross floor area of about 2.5 million sqm plus investments in three Australian property funds; it is managed by ESR-REIT Management (S) Limited, owned 99% by ESR, and constitutes the FTSE EPRA Nareit Global Real Estate Index. The REIT targets stable income returns for unitholders through its 4R strategy emphasizing recapitalization, reinforcement of sponsor support, recycling of capital and portfolio repositioning, with operations serving sectors such as logistics, light industrial and high-specs users in developed markets. Recent developments include the completion of transformational acquisitions in November 2024 of high-quality New Economy assets in Japan and Singapore at a 2.3% discount to valuations, accretive by over 3% to DPU on a pro forma basis and sourced from ESR Group to extend land lease tenure; asset enhancement initiatives such as the July 2025 completion at 16 Tai Seng Street in Singapore with facade upgrades and new lifts, alongside ongoing work at 29 Tai Seng Street targeting Green Mark Gold+ certification; divestments like 1 Third Lok Yang Road, 4 Fourth Lok Yang Road and 79 Tuas South Street 5 in early 2025 at premiums to valuation to recycle capital; entry into S$160 million sustainability-linked unsecured facilities and S$100 million fixed-rate notes issuance in February 2025 as part of recapitalization; receipt of a first-time 'BBB' stable outlook rating from Fitch in October 2025; and 8.1% growth in 1H2025 core DPU announced in July 2025 amid 23.2% revenue and 30.1% net property income surges from full contributions of prior Japan acquisitions and robust leasing.