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Anonymous
ESR-REIT (SGX: J91U) and Sabana REIT (SGX: M1GU) announced that they are going to combine to become a larger entity. What are your thoughts on it? If you own any of the two REITs or both, is it a good deal for you?
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Hi anon, we just covered the announcement at Seedly Reads. You can view the article here.
I think it's a good deal for both REITs.
For Sabana REIT, it could arrest the falling gross revenue and net property income of the past. For ESR-REIT, it becomes a larger behemoth, even after considering the merger with Viva Industrial Trust in 2018.
I'll be watching ESR-REIT even more if the merger with Sabana REIT goes through. βββ