ESR-LOGOS REIT (SGX:J91U) - Stock Price, News & Analysis

J91U Stock Overview

ESR-LOGOS REIT is a leading New Economy and future-ready Asia Pacific S-REIT.

J91U fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 29.8% below our estimate of its fair value

Earnings are forecast to grow 44.63% per year

Earnings have grown 7.7% per year over the past 5 years

Risk Analysis

Unstable dividend track record

Shareholders have been diluted in the past year

ESR-LOGOS REIT Competitors

Frasers Logistics & Commercial Trust

SGX:BUOU

S$3.8b

AIMS APAC REIT

SGX:O5RU

S$1.0b

Mapletree Industrial Trust

SGX:ME8U

S$6.5b

Mapletree Logistics Trust

SGX:M44U

S$6.8b

Price History & Performance

Summary of all time highs, changes and price drops for ESR-LOGOS REIT
Historical stock prices
Current Share Price	S$0.29
52 Week High	S$0.35
52 Week Low	S$0.25
Beta	1.03
1 Month Change	1.72%
3 Month Change	-4.84%
1 Year Change	-10.61%
3 Year Change	-28.92%
5 Year Change	-44.34%
Change since IPO	-56.62%

Recent updates

Do ESR-Logos REIT's (SGX:J91U) Earnings Warrant Your Attention?

May 23

What Kind Of Investors Own Most Of ESR-REIT (SGX:J91U)?

Mar 15

ESR-REIT's (SGX:J91U) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?

Feb 09

ESR-REIT (SGX:J91U) Share Prices Have Dropped 30% In The Last Three Years

Jan 05

ESR-REIT's (SGX:J91U) About To Shift From Loss To Profit

Dec 09

Shareholder Returns

	J91U	SG Industrial REITs	SG Market
7D	1.7%	0.8%	3.7%
1Y	-10.6%	-13.0%	-4.1%

Return vs Industry: J91U exceeded the SG Industrial REITs industry which returned -13.3% over the past year.

Return vs Market: J91U underperformed the SG Market which returned -4.8% over the past year.

Price Volatility

Is J91U's price volatile compared to industry and market?
J91U volatility
J91U Average Weekly Movement	4.7%
Industrial REITs Industry Average Movement	2.7%
Market Average Movement	5.0%
10% most volatile stocks in SG Market	15.8%
10% least volatile stocks in SG Market	2.2%

Stable Share Price: J91U has not had significant price volatility in the past 3 months.

Volatility Over Time: J91U's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Adrian Chui	www.esr-logosreit.com.sg

ESR-LOGOS REIT is a leading New Economy and future-ready Asia Pacific S-REIT. Listed on the Singapore Exchange Securities Trading Limited since 25 July 2006, ESR-LOGOS REIT invests in quality income-producing industrial properties in key gateway markets. As at 31 December 2023, ESR-LOGOS REIT holds interests in a diversified portfolio of logistics properties, high-specifications industrial properties, business parks and general industrial properties with total assets of approximately S$5.1 billion.

ESR-LOGOS REIT Fundamentals Summary

How do ESR-LOGOS REIT's earnings and revenue compare to its market cap?
J91U fundamental statistics
Market cap	S$2.26b
Earnings (TTM)	-S$85.65m
Revenue (TTM)	S$390.23m

5.8x

P/S Ratio

-26.4x

P/E Ratio

Is J91U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
J91U income statement (TTM)
Revenue	S$390.23m
Cost of Revenue	S$135.12m
Gross Profit	S$255.11m
Other Expenses	S$340.76m
Earnings	-S$85.65m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Jul 31, 2024

Earnings per share (EPS)	-0.011
Gross Margin	65.38%
Net Profit Margin	-21.95%
Debt/Equity Ratio	56.4%

How did J91U perform over the long term?

See historical performance and comparison

Dividends

8.7%

Current Dividend Yield

84%

Payout Ratio

J91U Stock Overview

Rewards

Risk Analysis

ESR-LOGOS REIT Competitors

SGX:BUOU

S$3.8b

SGX:O5RU

S$1.0b

SGX:ME8U

S$6.5b

SGX:M44U

S$6.8b

Price History & Performance

Recent News & Updates

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

ESR-LOGOS REIT to Report Q3, 2024 Results on Oct 30, 2024

Dividend reduced to S$0.012

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

ESR-LOGOS REIT Announces Cash Dividend for the Period from 1 July 2023 to 31 December 2023, Payable on or Around 27 March 2024

ESR-LOGOS REIT to Report Second Half, 2023 Results on Feb 01, 2024

Recent updates

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

ESR-LOGOS REIT to Report Q3, 2024 Results on Oct 30, 2024

Dividend reduced to S$0.012

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

ESR-LOGOS REIT Announces Cash Dividend for the Period from 1 July 2023 to 31 December 2023, Payable on or Around 27 March 2024

ESR-LOGOS REIT to Report Second Half, 2023 Results on Feb 01, 2024

ESR-LOGOS REIT Announces Changes to Board of Directors

Now 26% undervalued after recent price drop

ESR-Logos Reit Announces Appointment of Stuart Gibson as Non-Executive Director

First half 2023 earnings released: S$0.004 loss per share (vs S$0.07 loss in 1H 2022)

ESR-Logos REIT Announces Distribution for the Period from 27 February 2023 to 30 June 2023, Payable on or Around 27 September 2023

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.

High number of new directors

Full year 2022 earnings: EPS misses analyst expectations

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

ESR-Logos REIT has completed a Follow-on Equity Offering in the amount of SGD 149.99985 million.

ESR-Logos REIT Announces Distribution, Payable on or Around 14 April 2023

Now 21% undervalued

Full year 2022 earnings released: S$0.05 loss per share (vs S$0.025 profit in FY 2021)

ESR-Logos REIT to Report Second Half, 2022 Results on Jan 30, 2023

An unknown buyer agreed to acquire 70 SELETAR AEROSPACE VIEW from ESR-Logos REIT for SGD 7.1 million.

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).

Esr-Logos Reit Announces Appointment of Julie Lo Lai Wan as Independent Non-Executive Director

ESR-LOGOS REIT Announces 53 Peregrine Drive Obtained Practical Completion

ESR-Logos REIT to Report Q3, 2022 Results on Oct 26, 2022

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.

ESR-Logos REIT Announces Resignation of Lawrence Chan Wee Kiat as Chief Financial Officer

ESR-Logos REIT Announces Cessation of Tong Jinquan as Non-Executive Director

First half 2022 earnings released: S$0.07 loss per share (vs S$0.016 profit in 1H 2021)

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 to Report First Half, 2022 Results on Jul 27, 2022

ESR-Logos REIT Appoints Trent Alexander Iliffe as Non-Executive Director

ESR-Logos REIT Appoints Karen Lee Kiah Ling as Deputy Chief Executive Officer

Do ESR-Logos REIT's (SGX:J91U) Earnings Warrant Your Attention?

ESR-REIT Announces Clean-Up Distribution, Payable on or Around 23 June 2022

ESR-REIT Announces Clean-Up Distribution for the Period from 1 January 2022 to 21 April 2022, Payable on or Around 23 June 2022

Less than half of directors are independent

ESR-REIT to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

ESR-REIT, Annual General Meeting, Apr 29, 2022

ESR-REIT Announces Redevelopment of Build-to-Suit High-Specifications Facility at 21B Senoko Loop

ESR-REIT Announces A Distribution for the Period from 1 October 2021 to 31 December 2021, Payable on or Around March 30, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: EPS S$0.004 (vs S$0.007 in 3Q 2020)

An unknown buyer agreed to acquire 45 Changi South Avenue 2 from ESR-REIT (SGX:J91U) for SGD 11.1 million.

Board Member recently bought S$1.2m worth of stock

ESR-REIT Announces Advanced Distribution for the Period from 1 April 2021 to 17 May 2021, Payable on or Around 17 June 2021

ESR-REIT has completed a Follow-on Equity Offering in the amount of SGD 100.000296 million.

ESR-REIT Estimated Advanced Distribution

What Kind Of Investors Own Most Of ESR-REIT (SGX:J91U)?

New 90-day low: S$0.38

ESR-REIT's (SGX:J91U) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: EPS S$0.001

ESR-REIT to Report Fiscal Year 2020 Results on Jan 20, 2021

ESR-REIT (SGX:J91U) Share Prices Have Dropped 30% In The Last Three Years

New 90-day high: S$0.41

ESR-REIT's (SGX:J91U) About To Shift From Loss To Profit