ESR-LOGOS REIT Sells Singapore Building for S$35.3 Million

News about ESR-LOGOS REIT

ESR-LOGOS REIT is announcing the sale of 2 Jalan Kilang Barat, a 9 storey industrial building in Singapore. The property is sold for S$35.3 million, a 21.7% premium over valuation.

The Divestment is not expected to have a material impact on E-LOG’s net asset value and distribution per unit for the financial year ending 31 December 2022.

ESR-LOGOS REIT
Price0.370 SGD
NAV0.366 SGD
Yield (4 quarters)5.89%
Gearing40.2%