Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

Research from SooChow CSSD Capital Markets (Asia)

SooChow CSSD Capital Markets (Asia)

Equity Bottom-Up

<div><div><div><div><ul><li>FY21 results inline: 2H21 Revenue and NPI grew 4.5% and 2.8% YoY to S$121.4m and S$86.3m, respectively, while 2H21 DPU was flattish at -0.6% YoY to S$1.433c.</li></ul><div><div><div><ul><li>QoQ improvements in operating metrics: Overall occupancy was up 0.8pp QoQ to 92% in 4Q21, while rent reversion was +3%.</li></ul><div><div><div><div><ul><li>New acquisition opportunities in sight; AEIs on track</li></ul></div></div></div></div></div></div></div></div></div></div></div>

FY21 results inline: 2H21 Revenue and NPI grew 4.5% and 2.8% YoY to S$121.4m and S$86.3m, respectively, while 2H21 DPU was flattish at -0.6% YoY to S$1.433c.QoQ improvements in operating metrics: Overall occupancy was up 0.8pp QoQ to 92% in 4Q21, while rent reversion was +3%.New acquisition opportunities in sight; AEIs on track

Esr-Reit - Steady Performance with New Acquisitions in Sight

ESR-LOGOS REIT

Esr-Reit - Steady Performance with New Acquisitions in Sight