Singapore remains ESR-REIT’s core as portfolio strategy evolves
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ESR-REIT's portfolio strategy focuses on Singapore, its largest market, with stable demand for industrial assets. The manager plans to increase hedging levels to 70% post-divestments to mitigate interest rate exposure. Ongoing divestments of non-core assets and redevelopment initiatives aim to enhance portfolio quality. Short land lease assets are projected to decrease to 4-6% of portfolio value. Proceeds from divestments will primarily be used for debt reduction while maintaining prudent leverage and portfolio resilience ahead of the AGM on April 24.
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