ESR-Logos Reit launches S$300 million equity fundraising for potential acquisitions, AEIs

News about ESR REIT
ESR-Logos Real Estate Investment Trust’s (Reit) manager has proposed a S$300 million equity fundraising exercise to fund future acquisitions, redevelopments and asset enhancement initiatives (AEIs).

This will be accomplished through a private placement and preferential offering, which will raise S$150 million each, the Reit’s manager said on Thursday (Feb 16).
...read more on The Business Times
ESR REIT
Price2.390 SGD
NAV2.520 SGD
Yield (4 quarters)9.17%
Gearing44.3%