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750-750E Chai Chee Road (ESR BizPark @ Chai Chee) /ESR-LOGOS REIT website

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.

Read more:

ESR-REIT and ARA LOGOS unitholders to discuss proposed merger

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

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