Guiding You On REITs

S-REITs - Week 15 - 2024

Written by REITsavvy Team | Apr 13, 2024 4:16:41 PM

Let's have a quick dive into this week REITs update from ESR-LOGOS, Sabana REIT

S-REITs Recap - Week 15

8 Apr - 14 Apr 2024

ESR-LOGOS REIT

( YTD: -4.69% | 5D: +5.17%)

Divestment of 182-198 maidstone street in Australia at 7.4% premium to valuation

  • The Sale Consideration represents a 7.4% premium to the valuation of the Property of A$61.0 million.

  • The Divestment is not expected to have a material impact on E-LOG’s net asset value and distribution per unit for the financial year ending 31 December 2024.

  • The net proceeds from the Divestment will be deployed to repay outstanding borrowings, finance potential acquisitions, asset enhancements initiatives and redevelopments and/or fund general working capital requirements.

For further information, please click here

Sabana REIT

( YTD: -9.88% | 5D: +1.39% )

8 Apr - Receipt Of Letter From ESR Group

9 Apr - Receipt Of Trustee's Statement Dated 9 April 2024

11 Apr - Receipt Of Letter From Unitholders Dated 5 April 2024

Internalization is in progress since 17 Aug 2023...

For further information, please click here

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