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    K2LU   SG1Z70955880

ARA LOGOS LOGISTICS TRUST

(K2LU)
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ESR-REIT to buy ARA LOGOS for $1 bln as Singapore's REITs consolidate

10/14/2021 | 11:27pm EST

SINGAPORE, Oct 15 (Reuters) - Singapore's ESR-REIT has proposed to buy ARA LOGOS Logistics Trust for about S$1.4 billion ($1.04 billion), their managers said on Friday, adding to consolidation among the city-state's real estate investment trusts (REITs).

ESR-REIT will buy all of ARA LOGOS units for S$0.95 a piece in the cash and stock deal.

The combined ESR-LOGOS REIT will hold a portfolio of business parks, logistics, warehouse and industrial properties with total assets of about S$5.4 billion in Singapore and Australia.

In recent years, consolidation in the sector have included OUE Commercial REIT buying OUE Hospitality Trust and the merger of two Frasers REITS to create Frasers Logistics & Commercial Trust.

Citigroup Global Markets Singapore and Maybank Kim Eng Securities are the financial advisers to ESR-REIT on the deal. ARA LOGOS is advised by BofA Securities and DBS Bank.

ARA LOGOS units closed at S$0.935 on Thursday, while those of ESR-REIT's ended at S$0.465. Trading in units of both REITs were halted on Friday morning. ($1 = 1.3481 Singapore dollars) (Reporting by Chen Lin in Singapore; Editing by Aradhana Aravindan and Muralikumar Anantharaman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ARA LOGOS LOGISTICS TRUST -0.57% 0.87 Delayed Quote.-2.78%
ESR-REIT 0.00% 0.445 Delayed Quote.-7.29%
FRASERS LOGISTICS & COMMERCIAL TRUST 0.70% 1.44 Delayed Quote.-5.92%
OUE COMMERCIAL REAL ESTATE INVESTMENT TRUST -1.18% 0.42 Delayed Quote.-3.41%
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Financials
Sales 2022 140 M 104 M 104 M
Net income 2022 68,7 M 51,1 M 51,1 M
Net Debt 2022 698 M 519 M 519 M
P/E ratio 2022 15,7x
Yield 2022 6,35%
Capitalization 1 264 M 940 M 940 M
EV / Sales 2022 14,0x
EV / Sales 2023 13,6x
Nbr of Employees -
Free-Float 98,8%
Chart ARA LOGOS LOGISTICS TRUST
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Technical analysis trends ARA LOGOS LOGISTICS TRUST
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TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 0,87 SGD
Average target price 0,99 SGD
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Karen Lee Kiah Ling Chief Executive Officer
Wendy Pek Finance Manager
How Teck Lim Chairman
Kong Puay Lim Independent Non-Executive Director
Lee Meng Lim Lead Independent Non-Executive Director
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