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ESR-REIT ( (SG:9A4U) ) just unveiled an announcement.
ESR-REIT Management (S) Limited announced that it has obtained a favorable tax ruling from the Inland Revenue Authority of Singapore (IRAS) regarding its S$125 million 5.75% subordinated perpetual securities. The IRAS has classified these securities as ‘debt securities’ for tax purposes, allowing holders to benefit from tax concessions and exemptions under the Income Tax Act. This classification could enhance the attractiveness of the securities to investors, potentially impacting the company’s financial operations and market positioning positively.
The most recent analyst rating on (SG:9A4U) stock is a Buy with a S$3.60 price target. To see the full list of analyst forecasts on ESR-REIT stock, see the SG:9A4U Stock Forecast page.
More about ESR-REIT
ESR-REIT is a real estate investment trust based in Singapore. It operates under a multicurrency debt issuance programme, focusing on the issuance of securities and managing real estate investments.
Average Trading Volume: 1,728,079
Technical Sentiment Signal: Sell
Current Market Cap: S$1.95B
For detailed information about 9A4U stock, go to TipRanks’ Stock Analysis page.