ESR-LOGOS REIT DPU down 18.6% in H1 2024

The decline was due to lower capital gains from previous divestments.

ESR-LOGOS REIT’s distribution per unit (DPU) stood at $0.01122, dropping 18.6% in H1 2024 due to lower capital gains from previous divestments.

Net property income (NPI) and gross revenue declined 8.1% and 9.2%, respectively, due to the divestment of non-core assets in FY2023 and Q2 2024, and the decommissioning of 2 Fishery Port Road.

On the flip side, rental reversion rose 11.2% driven by New Economy assets in Logistics (+14.3%) and High-Specs Industrial (+13.8%).

In addition, the REIT’s overall portfolio occupancy is also maintained at 91.4%. Its newly completed AEI at 7002 Ang Mo Kio Avenue 5 has also achieved 87% occupancy.

Follow the link for more news on

ESR-LOGOS REIT

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia