Sign in to continue:

Thursday, February 5th, 2026
Market UpdatesREITS SGSingapore SGX stocks

ESR REIT (Singapore) 2026 Outlook: Stable DPU, High Yield & Growth Potential Amid Portfolio Rebalancing

Posted on February 5, 2026 at 10:03 am (GMT+8)

31
Views
Share on Facebook
Share on Twitter

Broker Name: Maybank Research Pte Ltd
Date of Report: February 4, 2026

Excerpt from Maybank Research Pte Ltd report.

    Report Summary

  • ESR REIT reported strong FY25 results, with DPU (distribution per unit) up 3.4% year-on-year, driven by resilient rental reversion, improved NPI margin, and contributions from asset enhancements and divestments. Despite a slight decline in occupancy due to ongoing upgrades, gearing and cost of debt have improved, supporting future growth.
  • Looking ahead, income will be partially offset by higher occupancy, continued mid-single-digit rental reversion, potential acquisitions in Japan, and capital top-ups. Maybank maintains a BUY rating with a target price of SGD3.00, citing attractive yield, proactive portfolio rebalancing, and sustainability initiatives as key strengths.

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank can be the first to access the full report from the Maybank website : https://www.maybank-keresearch.com

Related Posts

Market UpdatesREITS SGSingapore SGX stocks

Singapore & Global Market Weekly Update: Suntec REIT Shines, STI Leaders, and Key Equity Insights 1
minichart
January 26, 2026

Broker Name: OCBC Group Research Date of Report: 23 January 2026 Excerpt from OCBC Group Research report. Report Summary Global equity markets were mostly flat to slightly negative for the week, with volatility driven...

Market UpdatesSingapore SGX stocks

UOL Group Ltd 2025 Equity Research Update: Strong Residential Sales Drive Fair Value Upgrade
minichart
November 18, 2025

Broker Name: OCBC Investment Research Date of Report: 18 November 2025 Excerpt from OCBC Investment Research report. Report Summary UOL Group Ltd is rated BUY, with a fair value estimate raised to SGD10.06, driven...

Bursa KLSE stocksMarket Updates

Velesto Energy: Strong Tenderbook and Potential Dividend Yield Boost Outlook
minichart
December 6, 2024

The Future Prospects of Velesto Energy Berhad: Insights and Analysis The Future Prospects of Velesto Energy Berhad: Insights and Analysis Report by Maybank Investment Bank Berhad, December 5, 2024 Introduction Velesto Energy Berhad (VEB)...