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ESR-REIT ( (SG:J91U) ) has provided an announcement.
ESR-REIT is currently involved in a legal dispute with its former tenant, Asia Ocean Pacific (S) Pte Ltd, over a claim of approximately S$27.4 million related to an incident at the decommissioned property at 2 Fishery Port Road. The management of ESR-REIT disputes the claim and does not anticipate any significant financial impact on the company’s operations or earnings. They have engaged legal counsel and will continue to update stakeholders on any material developments.
More about ESR-REIT
ESR-REIT is a real estate investment trust based in Singapore, focusing on managing industrial properties. The company is involved in the acquisition, management, and development of logistics and industrial properties, catering primarily to businesses in these sectors.
YTD Price Performance: -24.74%
Average Trading Volume: 32,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
Find detailed analytics on J91U stock on TipRanks’ Stock Analysis page.