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The latest update is out from ESR-REIT ( (SG:J91U) ).
ESR-REIT has entered into a facility agreement with Australia and New Zealand Banking Group Limited for standby letters of credit or demand guarantees totaling SGD 20,000,000. This facility will be used for general corporate funding and working capital purposes, enhancing the company’s financial flexibility. The agreement includes conditions regarding the management and shareholding structure of ESR-REIT, with specific events that could trigger a default, ensuring the lender’s interests are protected.
More about ESR-REIT
ESR-REIT is a real estate investment trust based in Singapore, focusing on managing and investing in a diversified portfolio of income-producing industrial properties. The company is managed by ESR-REIT Management (S) Limited and is overseen by Perpetual (Asia) Limited as its trustee.
YTD Price Performance: -24.74%
Average Trading Volume: 32,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
See more data about J91U stock on TipRanks’ Stock Analysis page.