Brief: ESR-REIT Says Q4 Core DPU 0.741 Cents

ESR-REIT

20/01/2021 24:27

Jan 20 (Reuters) - ESR-REIT  ESRR.SI :
    * CORE DPU 0.741 CENTS IN 4Q2020
    * IN ADVANCED DISCUSSIONS WITH LENDING BANKS TO REFINANCE
ALL
EXPIRING DEBT DUE IN FY2021 AHEAD OF EXPIRY
    * Q4 NET PROPERTY INCOME S$43.6 MILLION VERSUS S$40.4
MILLION IN
Q3
    * 4Q GROSS REVENUE S$60.0 MILLION VERSUS S$58.9 MILLION IN
3Q
    * FOR FY2021, AIMS TO DIVEST UP TO S$50 MILLION OF NON-CORE
ASSETS
    * EXPECTS INDUSTRIAL MARKET RENTS AND PRICES TO REMAIN SOFT
IN
NEAR FUTURE
    * NOW DECIDED TO FULLY PAY OUT REMAINING DISTRIBUTABLE
INCOME
PREVIOUSLY RETAINED IN 1Q2020 FOR CASHFLOW PURPOSES IN 4Q2020

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZbsRLq2
Further company coverage:  ESRR.SI 

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