ESR-REIT Delivers Steady Performance for 2Q2017

“Although challenging business conditions continue to bring about a slowdown in the industrial property market, we are establishing the foundation for ESR-REIT’s next stage of development by employing a proactive asset and lease management strategy and exercising a prudent capital and risk management approach to our business. In doing so, we remain committed towards unlocking value for our Unitholders and ensuring that we are well-positioned to capitalise on any market upside.”

Mr. Adrian Chui, CEO

  • Gross Revenue of S$27.7 million, Net Property Income of S$19.2 million and Distribution Per Unit of 0.956 cents
  • Continued focus on employing proactive asset and lease management and prudent capital and risk management
  • Leases due for renewal in FY2017 currently at only 14.8% of rental income
  • Further alignment with Sponsor e-Shang Redwood Limited with name change to ESR-REIT

Read moreESR-REIT Delivers Steady Performance for 2Q2017

Cambridge Ind Tr Financial Results Ending 31 Mar 2017

“Looking ahead, pressures on rental terms are expected to continue due to the prolonged soft economic environment and rental market. Nevertheless, the Manager will continue to focus on improving occupancy rates and maximise tenant retention in the current challenging leasing market. After a few difficult years of conversions, CIT’s portfolio mix is now well-balanced, with single-tenanted lease expiries accounting for only 3.3% of portfolio rental income.”

Mr. Adrian Chui Wai Yin, CEO and Executive Director

1.004 cents SGD (1Q 2017)

Read moreCambridge Ind Tr Financial Results Ending 31 Mar 2017

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