Announcement • Jul 03
ESR-REIT to Report First Half, 2026 Results on Jul 28, 2026 ESR-REIT announced that they will report first half, 2026 results on Jul 28, 2026 Announcement • Apr 02
ESR-REIT, Annual General Meeting, Apr 24, 2026 ESR-REIT, Annual General Meeting, Apr 24, 2026, at 10:00 Singapore Standard Time. Location: suntec singapore convention & exhibition centre, level 4, hall 406, 1 raffles boulevard, singapore 039593, Singapore Announcement • Jan 09
ESR-REIT to Report Second Half, 2025 Results on Feb 04, 2026 ESR-REIT announced that they will report second half, 2025 results on Feb 04, 2026 Announcement • Jul 15
ESR-REIT to Report First Half, 2025 Results on Jul 29, 2025 ESR-REIT announced that they will report first half, 2025 results on Jul 29, 2025 Announcement • Apr 01
ESR-REIT, Annual General Meeting, Apr 23, 2025 ESR-REIT, Annual General Meeting, Apr 23, 2025, at 10:00 Singapore Standard Time. Location: suntec singapore convention & exhibition centre, level 4, hall 406, 1 raffles boulevard, singapore 039593, Singapore Announcement • Jan 24
ESR-REIT Announces Cash Dividend/ Distribution, Payable on or Around March 14, 2025 ESR-REIT announced that 0.275 cents per Unit for the Units trading under the main ESR-REIT counter for the period from 11 November 2024 to 31 December 2024 1, comprising entirely of taxable income distribution; and 0.195 cents per Unit for the Consideration Units 2 trading under the temporary ESR-REIT A counter for the period from 29 November 2024 to 31 December 2024, comprising entirely of taxable income distribution. Based on the above Record Date of 5 February 2025, the last day of "cum-distribution" trading is 3 February 2025 and the first day of "ex-distribution" trading is 4 February 2025. In this regard, the Units trading under the main ESR-REIT counter and the Consideration Units trading under the temporary ESR-REIT A counter will be aggregated and traded under the existing ESR-REIT main stock counter on 6 February 2025. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with ESR-REIT Units as at 5.00 p.m. on 5 February 2025 will be entitled to the distribution that will be paid on or around 14 March 2025. The Manager of ESR-REIT hereby confirms that, after making payment of the distribution, ESR-REIT has sufficient financial resources to fulfil its liabilities as and when they fall due. Announcement • Jan 03
ESR-REIT to Report Second Half, 2024 Results on Jan 24, 2025 ESR-REIT announced that they will report second half, 2024 results on Jan 24, 2025 New Risk • Nov 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Buy Or Sell Opportunity • Nov 07
Now 22% undervalued Over the last 90 days, the stock has risen 5.8% to €0.17. The fair value is estimated to be €0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 30
An undisclosed buyer acquired 81 Tuas Bay Drive, Singapore from ESR-LOGOS REIT (SGX:J91U) for SGD 35 million. An undisclosed buyer agreed to acquire 81 Tuas Bay Drive, Singapore from ESR-LOGOS REIT (SGX:J91U) for SGD 35 million on August 29, 2024. The divestment is expected to be completed in 4Q2024. The net proceeds from the Divestment will be deployed to repay outstanding borrowings, finance potential acquisitions, asset enhancement initiatives and redevelopments and/or fund general working capital requirements.
An undisclosed buyer completed the acquisition of 81 Tuas Bay Drive, Singapore from ESR-LOGOS REIT (SGX:J91U) on October 30, 2024. Announcement • Oct 10
ESR-LOGOS REIT Estimates Distribution, Payable on or Around 8 January 2025 The Advanced Distribution per unit in ESR-LOGOS REIT ("Unit") is estimated to be between 0.686 Singapore cents to 0.758 Singapore cents. A further announcement on the actual quantum of the Advanced Distribution per Unit (which may differ from the estimate above) will be made by the Manager in due course. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on the Advanced Distribution Record Date will be entitled to the Advanced Distribution that will be paid on or around 8 January 2025. Announcement • Sep 13
ESR-LOGOS REIT Announces Executive Changes ESR-LOGOS Funds Management (S) Limited, the manager of ESR-LOGOS REIT announced that the appointment of Ms Low Mei Mei, Maureen as Secretary of the Manager in place of Ms Chiang Wai Ming with effect from 13 September 2024. Reported Earnings • Aug 05
First half 2024 earnings released: S$0.003 loss per share (vs S$0.004 loss in 1H 2023) First half 2024 results: S$0.003 loss per share (improved from S$0.004 loss in 1H 2023). Revenue: S$182.9m (down 8.0% from 1H 2023). Net loss: S$23.1m (loss narrowed 26% from 1H 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Declared Dividend • Aug 02
First half dividend of S$0.011 announced Shareholders will receive a dividend of S$0.011. Ex-date: 7th August 2024 Payment date: 17th September 2024 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Announcement • Jul 31
ESR-LOGOS REIT Announces Distribution for the Period from 1 January 2024 to 30 June 2024, Payable on or Around 17 September 2024 The Manager of ESR-LOGOS REIT has announced a distribution of 1.122 cents per ESR-LOGOS REIT unit for the period from 1 January 2024 to 30 June 2024 (the "Distribution") comprising the following components: Taxable income distribution of 0.972 cents per unit; Capital distribution of 0.150 cents per unit. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with ESR-LOGOS REIT units as on 8 August 2024 will be entitled to the Distribution that will be paid on or around 17 September 2024. Reported Earnings • Apr 11
Full year 2023 earnings released: S$0.011 loss per share (vs S$0.05 loss in FY 2022) Full year 2023 results: S$0.011 loss per share (improved from S$0.05 loss in FY 2022). Revenue: S$390.2m (up 12% from FY 2022). Net loss: S$85.6m (loss narrowed 71% from FY 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Industrial REITs industry in Europe. Declared Dividend • Feb 04
Dividend of S$0.012 announced Shareholders will receive a dividend of S$0.012. Ex-date: 8th February 2024 Payment date: 27th March 2024 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Reported Earnings • Feb 01
Full year 2023 earnings released: S$0.011 loss per share (vs S$0.05 loss in FY 2022) Full year 2023 results: S$0.011 loss per share (improved from S$0.05 loss in FY 2022). Revenue: S$386.4m (up 11% from FY 2022). Net loss: S$67.4m (loss narrowed 77% from FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Industrial REITs industry in Europe. Announcement • Feb 01
ESR-LOGOS REIT Announces Cash Dividend for the Period from 1 July 2023 to 31 December 2023, Payable on or Around 27 March 2024 NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of ESR-LOGOS REIT will be closed at 5.00 p.m. on 9 February 2024 for the purpose of determining Unitholders' entitlements to ESR-LOGOS REIT's distribution. The Manager of ESR-LOGOS REIT has announced a distribution of 1.186 cents per ESR-LOGOS REIT unit for the period from 1 July 2023 to 31 December 2023 comprising the following components: Taxable income distribution is 1.030 cents per unit and Capital distribution is 0.156 cents per unit. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with ESR-LOGOS REIT units as at 5.00 p.m. on 9 February 2024 will be entitled to the Distribution that will be paid on or around 27 March 2024. The Manager of ESR-LOGOS REIT hereby confirms that, after making payment of the Distribution, ESR-LOGOS REIT has sufficient financial resources to fulfil its liabilities as and when they fall due. Announcement • Jan 16
ESR-LOGOS REIT to Report Second Half, 2023 Results on Feb 01, 2024 ESR-LOGOS REIT announced that they will report second half, 2023 results on Feb 01, 2024 New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Nov 08
ESR-LOGOS REIT Announces Changes to Board of Directors ESR-LOGOS REIT announced the following change to its Board of Directors (the "Board"). The following change to the Board is effective from 8 November 2023: Appointment of Mr. Shen Jinchu, Jeffrey as Non-Executive Director and he will also be a member of the Nominating and Remuneration Committee ("NRC") and the Investment Committee ("IC"). Mr. Shen, 50, is currently the Executive Director, Group Co-founder and Co- Chief Executive Officer of ESR Group, E-LOG's sponsor, and is responsible for overseeing ESR Group's overall operations and business development, leading regional growth strategies, and expanding ESR Group's asset and fund management platforms. Mr. Shen has over 23 years of industrial real estate experience in logistics development and investments in China. Prior to co-founding ESR Group in June 2011, he was Senior Vice President at GLP Investment Management (China) Co. Ltd. (formerly Prologis China) from January 2004 to September 2010, overseeing the Eastern China area. Mr. Shen was the Deputy Director of DTZ Debenham Tie Leung International Property Advisers from June 2001 to December 2003. Previously, he was the Assistant General Manager for marketing at Shanghai Waigaoqiao Free Trade Zone Xin Development Co. Ltd. from July 1995 to November 2000. Following the abovementioned change, the Board of ESR-LOGOS Funds Management (S) Limited willcomprise ten directors, of whom five are independent directors. As part of the Manager's continuous efforts to strengthen its leadership team to meet the demands of a rapidly evolving business landscape, the Manager will also be making changes to the composition of its Board sub-committees. Buying Opportunity • Sep 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be €0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Announcement • Aug 31
ESR-Logos Reit Announces Appointment of Stuart Gibson as Non-Executive Director ESR-LOGOS REIT announced appointment of Stuart Gibson as Non-Executive Director. Working Experience: Mr. Stuart Gibson is currently the Executive Director, Group Co-Founder & Co-CEO of ESR Group Limited ("ESR"), the Sponsor of E-LOG. Mr. Gibson has been the Co-CEO of ESR since January 2016 and he was also the Co-Founder and CEO of the Redwood group from July 2006 until 2016. Mr. Gibson is responsible for overseeing ESR's overall operations and business development. Mr. Gibson has over 27 years of real estate development and investment experience in Asia, which includes 15 years in the Japanese industrial real estate sector. Mr. Gibson was formerly the country head of Prologis Japan, and former Co-Founder and Co-CEO of AMB BlackPine, which was subsequently incorporated into Prologis. He was also the Chairman of AMB Property Corporation Japan Advisory Committee. Buying Opportunity • Aug 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Reported Earnings • Jul 27
First half 2023 earnings released: S$0.004 loss per share (vs S$0.07 loss in 1H 2022) First half 2023 results: S$0.004 loss per share (improved from S$0.07 loss in 1H 2022). Revenue: S$198.8m (up 32% from 1H 2022). Net loss: S$31.3m (loss narrowed 91% from 1H 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. Announcement • Jul 26
ESR-Logos REIT Announces Distribution for the Period from 27 February 2023 to 30 June 2023, Payable on or Around 27 September 2023 ESR-LOGOS REIT announced that the Transfer Books and Register of Unitholders of ESR-LOGOS REIT will be closed at 5.00 p.m. on 3 August 2023 for the purpose of determining Unitholders' entitlements to ESR-LOGOS REIT's distribution. The Manager of ESR-LOGOS REIT has announced a distribution of 0.930 cents per ESR-LOGOS REIT unit for the period from 27 February 2023 to 30 June 2023 comprising the following components: Taxable income distribution: 0.732 cents per unit; Tax-exempt income distribution: 0.037 cents per unit; and Capital distribution: 0.161 cents per unit. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with ESR-LOGOS REIT units as at 5.00 p.m. on 3 August 2023 will be entitled to the Distribution that will be paid on or around 27 September 2023. New Risk • Jul 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jun 24
An unknown buyer agreed to acquire Portfolio of Seven Non-Core Assets in Singapore and Australia from Portfolio of Seven Non-Core Assets in Singapore and Australia for SGD 340 million. An unknown buyer agreed to acquire Portfolio of Seven Non-Core Assets in Singapore and Australia from Portfolio of Seven Non-Core Assets in Singapore and Australia for SGD 340 million on June 23, 2023. Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director of ESR-LOGOS Funds Management (S) Limited Pok Yen Loi was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 06
Full year 2022 earnings released: S$0.05 loss per share (vs S$0.025 profit in FY 2021) Full year 2022 results: S$0.05 loss per share (down from S$0.025 profit in FY 2021). Revenue: S$348.6m (up 40% from FY 2021). Net loss: S$290.3m (down 407% from profit in FY 2021). Net asset value (NAV) per share: €0.25 (down 8.1% from FY 2021). The current share price is 17% lower than NAV per share. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Industrial REITs industry in Europe. Announcement • Feb 17
ESR-Logos REIT has completed a Follow-on Equity Offering in the amount of SGD 149.99985 million. ESR-Logos REIT has completed a Follow-on Equity Offering in the amount of SGD 149.99985 million.
Security Name: Units
Security Type: Common Stock
Securities Offered: 454,545,000
Price\Range: SGD 0.33
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Feb 16
ESR-Logos REIT Announces Distribution, Payable on or Around 14 April 2023 ESR-Logos REIT announced the quantum of Advanced Distribution per Existing Unit (as defined herein) is estimated to be between 0.426 Singapore cents and 0.470 Singapore cents, which (based on the mid-point of the estimated Advanced Distribution Range of 0.448 Singapore cents) comprise: (i) taxable income distribution of 0.341 Singapore cents per Unit, (ii) tax exempt income distribution of 0.019 Singapore cents per Unit and (iii) capital distribution of 0.088 Singapore cents per Unit. The distribution payable on or Around 14 April 2023. Buying Opportunity • Feb 06
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 10
ESR-Logos REIT to Report Second Half, 2022 Results on Jan 30, 2023 ESR-Logos REIT announced that they will report second half, 2022 results on Jan 30, 2023 Announcement • Dec 21
An unknown buyer agreed to acquire 70 SELETAR AEROSPACE VIEW from ESR-Logos REIT for SGD 7.1 million. An unknown buyer agreed to acquire 70 SELETAR AEROSPACE VIEW from ESR-Logos REIT for SGD 7.1 million on December 19, 2022. The deal is subject to JTC Corporation’s approval. The Divestment is expected to be completed in 2Q2023. Announcement • Nov 25
RBC Investor Services Trust Singapore Limited completed the acquisition of 2 Jalan Kilang Barat property in Singapore from ESR-LOGOS Funds Management (S) Limited managed by ESR-Logos REIT (SGX:J91U). RBC Investor Services Trust Singapore Limited agreed to acquire 2 Jalan Kilang Barat property in Singapore from ESR-LOGOS Funds Management (S) Limited managed by ESR-Logos REIT (SGX:J91U) for SGD 35.3 million on September 29, 2022. The Divestment is expected to be completed in 4Q2022 and is subject to the Singapore Land Authority’s approval.
RBC Investor Services Trust Singapore Limited completed the acquisition of 2 Jalan Kilang Barat property in Singapore from ESR-LOGOS Funds Management (S) Limited managed by ESR-Logos REIT (SGX:J91U) on November 24, 2022. Announcement • Nov 01
Esr-Logos Reit Announces Appointment of Julie Lo Lai Wan as Independent Non-Executive Director ESR-Logos REIT announced Appointment of Julie Lo Lai Wan as Independent Non-Executive Director. Board Comments: The Board of ESR-LOGOS Funds Management (S) Limited ("E-LOG FM") had reviewed Dr. Lo's qualifications and work experience and supported her appointment as Independent Non-Executive Director of E-LOG FM on the basis that she adds diversity of analysis, thoughts, views, advice and network to the Board of Directors and Management. Her extensive legal experience in the public healthcare sector which covers procurement, research, medical malpractice and collaborations with Singapore and global companies including within the National Healthcare Group will greatly provide alternate viewpoints from a commercial sensibility, risk, business process and corporate governance perspective. Working Experience: r Lo has been the Head of Group Legal Office of National Healthcare Group (NHG) since September 2020. NHG is a large healthcare company wholly-owned by the MOH Holdings Pte Ltd, Singapore, and comprises numerous hospitals, specialty centres and polyclinics. The Group Legal Office actively supports NHG's extensive business such as procurement, research, medical malpractice, corporate and commercial contracts, technology innovation and collaborations with Singapore and global companies. Dr. Lo is a member of the NHG Domain Specific Review Board which is an independent committee that reviews and approves research studies. Dr. Lo also actively participates in national initiatives and strategies including major reforms of the healthcare sector. Dr. Lo was the Legal Director (Head of Legal & Contract Management Department) of Integrated Health Information Systems (IHiS) from June 2012 to December 2019 and was also Head of Procurement from 2012 to 2017. IHiS is the technology agency for Singapore's public healthcare sector and is wholly-owned by the MOH Holdings Pte Ltd, Singapore. Dr. Lo built the Legal and Procurement Departments, guided IHiS through the Committee of Inquiry investigation into the SingHealth cyber attack in 2018 and led IHiS through several major public healthcare projects. Dr. Lo was also the Company Secretary for IHiS. Other DirectorShips Past: Integrated Health Information Systems - Legal Director (Head of Legal & Contract Management Department). Appointment date is on November 1, 2022. Announcement • Oct 31
ESR-LOGOS REIT Announces 53 Peregrine Drive Obtained Practical Completion ESR-LOGOS Funds Management (S) Limited, the manager of ESR-LOGOS REIT (the "Manager"), announced that 53 Peregrine Drive, Port of Brisbane, a logistics property located in Queensland, Australia has obtained its Practical Completion following the completion of its asset enhancement initiative ("AEI") on 24 October 2022. In addition, 19 Tai Seng Avenue, a high-specs property located in Singapore has achieved 100% committed occupancy post AEI completion. 53 Peregrine Drive: 53 Peregrine Drive underwent an AEI to increase its gross floor area by 26,335 sqm with an additional warehouse of 10,115 sqm and hardstand of 16,220 sqm. The property is 100% leased to ACFS Port Logistics Pty Ltd. and has started contributing income since 25 October 2022. 19 Tai Seng Avenue: 19 Tai Seng Avenue was earlier converted into a modern high-specs building from a general industrial building, suitable for high value-add tenants in the advanced manufacturing sectors on 27 October 2021. As testament to the rejuvenated property's specifications, a New Economy tenant from the Information and Communications Technology sector was successfully secured, bringing the property to full occupancy. Announcement • Oct 18
ESR-Logos REIT to Report Q3, 2022 Results on Oct 26, 2022 ESR-Logos REIT announced that they will report Q3, 2022 results at 9:00 AM, Singapore Standard Time on Oct 26, 2022 Announcement • Sep 30
RBC Investor Services Trust Singapore Limited agreed to acquire 2 Jalan Kilang Barat property in Singapore from ESR-LOGOS Funds Management (S) Limited managed by ESR-Logos REIT (SGX:J91U) for SGD 35.3 million. RBC Investor Services Trust Singapore Limited agreed to acquire 2 Jalan Kilang Barat property in Singapore from ESR-LOGOS Funds Management (S) Limited managed by ESR-Logos REIT (SGX:J91U) for SGD 35.3 million on September 29, 2022. The Divestment is expected to be completed in 4Q2022 and is subject to the Singapore Land Authority’s approval. Announcement • Jul 30
ESR-Logos REIT Announces Cessation of Tong Jinquan as Non-Executive Director ESR-Logos REIT announced cessation of Tong Jinquan as a Non-Executive Director. Familial RelationShip: Shanghai Summit Pte. Ltd. ("SSPL") owns 1% of ESR-LOGOS Funds Management (S) Limited. SSPL is wholly-owned by Mr. Tong Jinquan. Wealthy Fountain Holdings Inc. holds 60 ESR-LOGOS REIT units and Skyline Horizon Consortium Ltd. holds 13,172,094 ESR-LOGOS REIT units. Both Wealthy Fountain Holdings Inc. and Skyline Horizon Consortium Ltd. are wholly-owned by Shanghai Summit. Leading Wealth Global Inc. ("LWG") holds 242,012,678 ESR-LOGOS REIT units and is a wholly-owned subsidiary of Longemont Real Estate Pte Ltd, which is in turn a wholly-owned subsidiary of Shanghai Summit (Group) Co. Ltd. ("SSGCL"). Both SSPL and SSGCL are wholly-owned by Tong Jinquan. Therefore, Tong Jinquan is deemed to be interested in the 255,184,832 ESR-LOGOS REIT units held by LWG, Wealthy Fountain Holdings Inc. and Skyline Horizon Consortium Ltd. Other DirectorShips Past: Viva Industrial Trust Management Pte. Ltd. (Manager of Viva Trust) IREIT Global Group Pte. Ltd. (Manager of IREIT Global) New Century Asset Management Limited (Manager of New Century Real Estate Investment Trust): Other DirectorShips Present: Shanghai Summit (Group) Co. Ltd. Shanghai Changfeng Real Estate Development Co. Ltd. Shanghai Summit Pte. Ltd.: Reason For Cessation: As Mr. Tong is no longer a substantial shareholder of ESR-LOGOS Funds Management (S) Limited, Mr. Tong has tendered his resignation as Non-Executive Director of the Board. Reported Earnings • Jul 29
First half 2022 earnings released: S$0.07 loss per share (vs S$0.016 profit in 1H 2021) First half 2022 results: S$0.07 loss per share (down from S$0.016 profit in 1H 2021). Revenue: S$150.8m (up 23% from 1H 2021). Net loss: S$350.0m (down S$408.6m from profit in 1H 2021). Over the next year, revenue is forecast to grow 35%, compared to a 2.1% growth forecast for the industry in Germany. Announcement • Jul 28
ESR-Logos REIT Announces Distribution for the Period from 22 April 2022 to 30 June 2022, Payable on or Around 27 September 2022 ESR-Logos REIT announced a distribution of 0.550 cents per ESR-LOGOS REIT unit for the period from 22 April 2022 to 30 June 2022. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with ESR-LOGOS REIT units as at 5.00 p.m. on 4 August 2022 will be entitled to the Distribution that will be paid on or around 27 September 2022. Announcement • Jul 19
ESR-Logos REIT to Report First Half, 2022 Results on Jul 27, 2022 ESR-Logos REIT announced that they will report first half, 2022 results on Jul 27, 2022 Announcement • Jul 02
ESR-Logos REIT Appoints Trent Alexander Iliffe as Non-Executive Director The Board of ESR-LOGOS Funds Management (S) Limited had reviewed Mr. Trent Alexander Iliffe qualifications and work experience and supported his appointment as Non-Executive Director of E-LOG FM on the basis of his extensive experience, expertise and network in the real estate space across Asia including Australia. Mr. Iliffe is currently the Managing Director & Co-CEO of LOGOS Property Group Limited. He is one of the members in ESR Group Limited's Management Business Leadership Team and is very familiar with the Asia market and has extensive experience in Australia. He has an extensive property industry career spanning over 30 years including 12 years as a co-founder of LOGOS. Prior to joining LOGOS, as the Regional Director with LaSalle Investment Management, Mr. Iliffe was responsible for Industrial real estate investment in China and the Asia Pacific where he negotiated Joint Ventures, Development Management, Asset Management and Sale and Purchase Agreements. He also established JLL's China Industrial Business leading 60 staff in seven offices around China. Mr. Iliffe's career includes a highly successful span as the National Transaction Leader at Colliers International. Announcement • May 10
ESR-REIT Announces Clean-Up Distribution, Payable on or Around 23 June 2022 The ESR-REIT Manager announced the ESR-REIT Clean-up Distribution of 0.910 cents per ESR-REIT Unit for the period from 1 January 2022 up to the day immediately before the Effective Date, comprising the following components: Taxable income distribution: 0.805 cents per unit; Tax-exempt income distribution: 0.099 cents per unit; Capital distribution: 0.006 cents per unit ESR-REIT Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with ESR-REIT Units as on 21 April 2022 will be entitled to the ESR-REIT Clean-up Distribution that will be paid on or around 23 June 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Non-Executive Director of ESR Funds Management (S) Limited Khor Un-Hun was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 20
ESR-REIT to Report Q1, 2022 Results on Apr 27, 2022 ESR-REIT announced that they will report Q1, 2022 results Pre-Market on Apr 27, 2022 Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: S$0.025 (vs S$0.001 in FY 2020) Full year 2021 results: EPS: S$0.025 (up from S$0.001 in FY 2020). Revenue: S$249.0m (up 6.9% from FY 2020). Net income: S$94.6m (up S$91.9m from FY 2020). Profit margin: 38% (up from 1.2% in FY 2020). Net asset value (NAV) per share: €0.27 (down 2.2% from FY 2020). The current share price is 7.7% lower than NAV per share. Over the next year, revenue is forecast to grow 7.7% while the reits industry in Germany is not expected to grow. Announcement • Apr 13
ESR-REIT, Annual General Meeting, Apr 29, 2022 ESR-REIT, Annual General Meeting, Apr 29, 2022, at 15:00 Singapore Standard Time. Location: Suntec Singapore International Convention and Exhibition Centre, Level 4 Hall 406, 1 Raffles Boulevard Suntec City Singapore Agenda: To receive and to adopt the report issued by RBC Investor Services Trust Singapore Limited, as trustee of ESR-REIT, the statement issued by ESR Funds Management (S) Limited, as manager of ESR-REIT, and the audited financial statements of ESR-REIT for the financial year ended 31 December 2021 together with the independent auditors' report to Unitholders thereon; to re-appoint Ernst & Young LLP as Auditor of ESR-REIT to hold office until the conclusion of the next AGM, and to authorise the directors of the Manager ("Directors") to fix their remuneration; and to discuss other matters. Announcement • Apr 12
ESR-REIT Announces Redevelopment of Build-to-Suit High-Specifications Facility at 21B Senoko Loop ESR-REIT announced the redevelopment of a build-to-suit high-specifications facility (the Redevelopment) at 21B Senoko Loop (the Property) for NTS Components Singapore Pte Ltd. The estimated cost of the Redevelopment is approximately SGD 38.5 million and it is expected to be completed by first quarter 2024. Details of the Redevelopment: The Redevelopment will be executed in two phases to convert the Property from a general industrial building to a high-specifications asset with phase one expected to be completed in the first half of 2023 and phase two to follow about ten months after. The phased redevelopment allows NTS to better plan and start its business expansion and operations with minimal delay. In addition to NTS, the Property will also house its sister company, NTS Mechatronics Singapore Pte. Ltd. (‘NTS Mechatronics’). The Redevelopment is expected to achieve the Green Mark Gold certification upon completion. Under the terms of the Redevelopment, the Property will be leased to NTS on a triple net basis for 15 years with annual rental escalations. NTS will be fully responsible for the payment of utilities, maintenance expenses, property tax and land rent. Upon completion of the Redevelopment, ESR-REIT's portfolio will include nine high-specifications assets, representing 18.4% of its portfolio valuation. Board Change • Mar 31
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Non-Executive Director of ESR Funds Management (S) Limited Khor Un-Hun was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
