Investor Presentaiton
Strong Liquidity and Research Coverage
Trading liquidity has remained strong at:
10.2 million average Units traded daily for FY2022; and
10.6 million average Units traded daily YTD2023
Trading Performance
Unit
ESR Group
Price
becomes
(S$)
sponsor
0.6
0.5
Merger with
COVID-19
Inflation, interest rate hikes
and geopolitical concerns
Launch of
S$300m EFR
Viva Industrial Trust
Traded
(mil)
Entry into
FTSE
Nareit
FTSE
Russell
200.0
Merger with
ARA LOGOS
Volume
Indices Inclusion (1)
EPRA
EUROPEAN PUBLIC
REAL ESTATE ASSOCIATION
Logistics Trust
150.0
0.4
0.3
0.2
10
0.1
0
Jan 2017
Mar 2017
May 2017
Jul 2017
Sep 2017
Nov 2017
Jan 2018
Mar 2018
May 2018
Jul 2018
Sep 2018
Nov 2018
Jan 2019
Mar 2019
May 2019
Jul 2019
Well-Covered by Research Brokers
CGSCIMB
citi
CLSA
Sep 2019
Nov 2019
Jan 2020
Mar 2020
May 2020
Volume
Daiwa
Capital Markets
Jul 2020
Sep 2020
Nov 2020
Jan 2021
Mar 2021
May 2021
Jul 2021
Closing Price
“Outperform” “Underperform"
XDBS
Sep 2021
Nov 2021
Jan 2022
Mar 2022
May 2022
Jul 2022
Sep 2022
Nov 2022
Maybank
"Buy"
Jan 2023
Mar 2023
May 2023
Jul 2023
100.0
50.0
0.0
MORNINGSTAR
"Stable"
Nareit. S&P Global
MSCI
OCBC Investment Research
"Add"
TP (2): S$0.39
"Buy"
TP (2): S$0.37
TP (2): S$0.36
TP (2): S$0.31
"Buy"
TP (2) S$0.38
TP (2): S$0.38
TP(2): S$0.38
"Buy"
TP (2): S$0.38
Vanguard
RHB
"Buy"
TP (2): S$0.40
S
SCCM
"Buy"
TP (2): S$0.55
ESR-LOGOS
REIT
Notes: (1) Based on information obtained from ESR-LOGOS REIT's Annual Report 2022. (2) "TP" denotes target price.
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