Merger helped raise ESR-LOGOS Reit Q3 22 NPI by 59.1%

ESR-LOGOS Reit posted net property income of $69.9m.

The contributions from the ALOG Trust merger uplifted the net property income (NPI) of ESR-LOGOS Reit by 59.1% from $43.9m in the third quarter (Q3) of 2021 to $69.9m in Q3 2022.

Gross revenue of ESR-LOGOS Reit went up by 57.4% to $96.2m in Q3 2022 from $61.1m in Q3 last year.

ESR-LOGOS Reit posted an 11.4% rental reversion for both Q3 2022 and year-to-date 2022.

It said the “logistics and high-specs segment continue to drive the positive rent revisions.” There is also a 92.4% portfolio occupancy for the Reit.

ESR-REIT chief exec to serve as CEO of ESR-LOGOS REIT manager

Follow the link for more news on

ESR-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