Stock to watch: ESR-Reit

Stock to watch: ESR-Reit


[SINGAPORE] The following company saw new developments that may affect trading of its securities on Wednesday (Oct 7):

ESR-Reit : The real estate investment trust (Reit) manager said on Tuesday that it has recovered around 75 per cent of outstanding arrears resulting from a default in rental payments at some of its Australian properties. This leaves A$3 million (US$2.1 million) in outstanding arrears, after they were recovered through the partial drawdown of the banker’s guarantees. Units of ESR-Reit closed flat at S$2.04 on Tuesday, before the announcement.



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Liam Redmond

As an editor at Forbes Washington DC, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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