|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||0.520 - 0.530|
|52-week range||0.475 - 0.589|
|PE ratio (TTM)||525.00|
|Earnings date||11 Jul 2018 - 16 Jul 2018|
|Forward dividend & yield||0.03 (6.64%)|
|1y target est||0.59|
ESR-REIT (SGX:J91U) is going to merge with another industrial REIT soon. It also has a below-average valuation, and reported a mixed set of results in the latest quarter.
Friday announced the terms of a merger proposal that values Viva Industrial at 936.7 million Singapore dollars ($697 million). Viva Industrial unit holders will get S$0.96 per stapled security as consideration, which will be paid 10% in cash and the rest in new ESR-REIT units to be issued at S$0.54 each, the two Singapore-listed real-estate investment trusts said in a joint statement. The offer implies a gross exchange ratio of 1.778 for the units of the two REITs, they said, adding that based on the terms of the deal, Viva Industrial owners can expect to receive S$9.60 in cash and 160 new ESR-REIT units for every 100 stapled securities they currently hold.