ESR-Logos REIT
J91U.SI
Stock Exchange of Singapore0.21
SGD
+0.01
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ESR-Logos REIT
J91U.SI
(Stock Exchange of Singapore)
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0.21
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ROIC.AI
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- ESR-Logos REIT ESR-LOGOS REIT (J91U.SI) is a leading New Economy and future-ready Asia-Pacific S-REIT that invests in quality income-producing industrial properties in key gateway markets; its diversified portfolio comprises logistics properties, high-specifications industrial properties, business parks and general industrial properties with total assets of approximately S$6.0 billion as at 31 December 2024. The REIT holds interests in 72 properties (excluding 48 Pandan Road held through a joint venture) located across Singapore (52 assets), Australia (18 assets) and Japan (2 assets), with a total gross floor area of approximately 2.5 million sqm, as well as investments in three property funds in Australia; it is a constituent of the FTSE EPRA Nareit Global Real Estate Index. Listed on the Singapore Exchange Securities Trading Limited since 25 July 2006 and headquartered in Singapore, ESR-Logos REIT is managed by ESR-REIT Management (S) Limited and sponsored by ESR Group Limited, which owns 99.0% of the manager alongside Shanghai Summit Pte. Ltd. (1.0%). The portfolio targets tenants in logistics, warehousing, food and beverage, general and precision engineering, manufacturing and other industrial sectors, with 70.2% exposure to New Economy segments by rental income, high occupancy of 92.3%, positive rental reversion of +10.3% and weighted average lease expiry of 4.2 years as at 31 December 2024. In FY2024, ESR-Logos REIT executed its 4R Strategy by completing two transformational, DPU-accretive acquisitions totalling S$772.6 million from sponsor ESR Group—ESR Yatomi Kisosaki Distribution Centre (a modern four-storey, double-ramp logistics facility in Nagoya, Japan, with 79,096 sqm GFA, CASBEE A sustainability rating and completion in November 2024) and 51% interest in 20 Tuas South Avenue 14 (a Green Mark Platinum certified high-specifications manufacturing facility and ramp-up logistics warehouse near Tuas Mega Port in Singapore, with 252,733 sqm land area, 10.7-year WALE and approximately 44-year remaining land lease, completed in November 2024)—both secured at a 2.3% discount to average valuations and expected to enhance portfolio quality, earnings visibility and land lease tenure; it also divested non-core assets including 182-198 Maidstone Street in Australia and 81 Tuas Bay Drive in Singapore at premiums to valuation (7.4% and 16.7% respectively), completed build-to-suit redevelopment at 21B Senoko Loop into a Green Mark Gold certified high-specifications industrial property leased to NTS Singapore for 15 years with escalations (yield on cost ~6.0%), advanced asset enhancement at 16 Tai Seng Street (adding 2,793 sqm GFA, expected completion 1H2025, yield on cost ~6.0%), refinanced all FY2025 debt at lower margins to reduce all-in cost of debt to 3.84%, secured inaugural sustainability-linked and green loans totalling over S$700 million, conducted a preferential offering raising ~S$94 million and rebranded to ESR-REIT in December 2024.