ESR-REIT’s Q1 2022 Results Disappoint on Higher Cost of Utilities; FVE Lowered

ESR-REIT primarily invests in income producing industrial and business park assets across Singapore. Most of the trust’s portfolio is in strategic locations with good access to transportation and within key industrial zones. The trust was formerly known as Cambridge Industrial Trust and was renamed to ESR-REIT in 2017 following a change in the major shareholder of its manager. A new management team was subsequently appointed and since then, the manager has grown the trust’s assets under management and distribution per unit by using a mixture of active lease management, asset enhancement initiatives, or AEIs and merger and acquisitions, or M&A.