ESR-REIT Company profile
About ESR-REIT
ESR-REIT (the Trust) is a Singapore-based real estate investment trust. The principal activity of the Trust is to invest in a diversified portfolio of industrial properties with the primary objective of achieving a level of return from rental income and long-term capital growth. The Trust invests in quality income-producing industrial properties and holds interest in a diversified portfolio of approximately 55 properties located across Singapore, with a total gross floor area of approximately 15.2 million square feet. The Trust's properties in the business sectors include business park, high-specs industrial, logistics/warehouse and general industrial, and are located close to transportation hubs and industrial zones island-wide. The Trust also holds a 10% interest in ESR Australia Logistics Partnership, a private fund consisting of approximately 37 predominantly freehold logistics properties, all located in Australia. The Trust's manager is ESR Funds Management (S) Limited.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, ESR-REIT revenues increased 5% to SP$241.3M. Net income applicable to common stockholders increased from SP$2.8M to SP$94.6M. Revenues reflect Rental rebate increase from -SP$7.4M to SP$965K, Other Income increase of 16% to SP$18.4M. Net income benefited from Net Operating Income (NOI), Total increase of 6% to SP$173.3M, Change in FV of Derivatives increase from SP$16.3M (expense) to SP$24.9M (income).
Equity composition
10/2010, Rights Issue, 1 new share for every 25 shares held @ SGD .531 (Factor: 1.001331).03/2011, Rights Issue, 1 new shares for every 8 shares held @ SGD .429 (Factor: 1.014026).04/2012, Capital repayment of SGD .0005