ESR-LOGOS REIT’s DPU dips 5.6% to $0.014 in 1H23

The enlarged unit base from the REIT’s recent equity fundraising exercise drove the decline.

Despite a 37.9% YoY increase in its net property income, ESR-LOGOS REIT still recorded a 5.6% YoY lower distribution per unit of $0.01378 in 1H23.

In a bourse filing, the REIT said the lower DPU is due to an “enlarged unit base” from its recent equity fundraising exercise.

For 1H23, the REIT’s distributable income was $101.5m, a 37.9% YoY increase. The REIT attributed the increase in its distributable income to a higher NPI of $140.8m and “distribution of capital gains amounting to S$17.5m from the sale of investment properties in the prior year.”

Meanwhile, the REIT said ALOG Trust’s half-year contributions after the merger in April 2022 and the acquisitions of ESR Sakura Distribution Centre in October 2022 boosted its gross revenue and NPI for the period.

Follow the link for more news on

ESR-REIT

Financial Statements

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