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ESR-REIT (9A4U) AI Stock Analysis
ESR-REIT
(SGX:9A4U)
The score is driven primarily by improving financial performance (return to profitability and steady cash generation) but constrained by meaningful leverage and low returns on equity. Technical indicators are a notable drag due to a clear downtrend versus major moving averages and negative MACD. Valuation is mixed, with a strong dividend yield offset by an extremely high P/E ratio.
ESR-REIT (9A4U) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 1.06B
- Dividend Yield
- 11.20%
- Average Volume (3M)
- 1.05M
- Price to Earnings (P/E)
- 97.1
- Beta (1Y)
- 0.51
- Revenue Growth
- 4.85%
- EPS Growth
- ―
- Country
- Singapore
- Employees
- 39
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Industrial
ESR-REIT Business Overview & Revenue Model
Company Description
ESR-REIT is recognized as a forward-looking, leading Asia Pacific S-REIT specializing in New Economy assets. Listed on the Singapore Exchange Securities Trading Limited since July 25, 2006, it strategically invests in high-quality, income-generating...
How the Company Makes Money
ESR-REIT primarily makes money by generating rental and related property income from leasing its industrial and logistics properties to tenants under contractual lease agreements. Its key revenue stream is base rent collected from tenants occupying i...
ESR-REIT Financial Statement Overview
Summary
Financials are improving but still mixed. Profitability rebounded to positive net income in 2025 and TTM with strong gross margins (~65–71%), and operating/free cash flow has been solid and supportive. Offsetting this, revenue growth is modest (~2.5% TTM), leverage remains meaningful (debt-to-equity ~1.53x TTM), and returns on equity are low (~1.5–1.7%), indicating limited earnings power and less flexibility.
Income Statement
66PositiveBalance Sheet
54NeutralCash Flow
63Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 449.21M | 453.89M | 370.50M | 386.35M | 348.57M | 248.99M |
| Gross Profit | 306.75M | 312.61M | 261.65M | 251.24M | 228.38M | 173.26M |
| EBITDA | 306.71M | 302.85M | 8.56M | 51.37M | 223.21M | 195.19M |
| Net Income | 42.58M | 31.66M | -127.78M | -67.45M | -278.26M | 101.52M |
Balance Sheet | ||||||
| Total Assets | 5.59B | 5.86B | 6.01B | 5.11B | 5.65B | 3.33B |
| Cash, Cash Equivalents and Short-Term Investments | 231.70M | 60.29M | 83.94M | 41.98M | 45.58M | 24.15M |
| Total Debt | 2.62B | 3.84B | 2.86B | 2.15B | 2.61B | 1.41B |
| Total Liabilities | 3.04B | 3.28B | 3.33B | 2.34B | 2.81B | 1.58B |
| Stockholders Equity | 2.48B | 2.06B | 2.62B | 2.77B | 2.75B | 1.75B |
Cash Flow | ||||||
| Free Cash Flow | 266.80M | 152.97M | 243.43M | 167.27M | 95.06M | 124.29M |
| Operating Cash Flow | 266.80M | 199.08M | 269.62M | 260.08M | 193.63M | 152.77M |
| Investing Cash Flow | 405.40M | -38.31M | -436.95M | 360.85M | -267.02M | -149.34M |
| Financing Cash Flow | -506.88M | -183.03M | 200.41M | -626.33M | 93.14M | 2.62M |
ESR-REIT Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:9A4U, the sentiment is Negative. The current price of 1.98 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.12, and below the 200-day MA of 2.28, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 44.46 is Neutral, neither overbought nor oversold. The STOCH value of 28.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:9A4U.
ESR-REIT Peers Comparison
Overall Rating
SG:A17U76Outperform
SG:BUOU71Outperform
SG:M44U63Neutral
SG:ME8U62Neutral
SG:DHLU61Neutral- SG:9A4U56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:A17U | 76Outperform | SGD 11.03B | 13.93 | 7.00% | 6.79% | 6.53% | 0.82% |
| SG:BUOU | 71Outperform | SGD 3.41B | 15.90 | 5.05% | 6.59% | 0.44% | 57.42% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| SG:M44U | 63Neutral | SGD 5.65B | 25.94 | 3.48% | 6.61% | -0.67% | 1.92% |
| SG:ME8U | 62Neutral | SGD 4.94B | 25.70 | 4.35% | 7.25% | -5.23% | -42.13% |
| SG:DHLU | 61Neutral | SGD 287.65M | 8.09 | 7.78% | 9.54% | 1.11% | 18.18% |
| SG:9A4U | 56Neutral | SGD 1.60B | 97.06 | 1.71% | 11.20% | 4.85% | ― |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:9A4U | ESR-REIT | 1.98 | -0.62 | -23.76% | |
| SG:A17U | CapitaLand Ascendas REIT | 2.21 | -0.47 | -17.44% | |
| SG:M44U | Mapletree Logistics Trust | 1.10 | -0.17 | -13.73% | |
| SG:ME8U | Mapletree Industrial Trust | 1.73 | -0.27 | -13.54% | |
| SG:BUOU | Frasers Logistics & Commercial Trust | 0.90 | -0.00 | -0.22% | |
| SG:DHLU | Daiwa House Logistics Trust | 0.41 | -0.12 | -22.05% |
ESR-REIT Corporate Events
ESR-REIT Grows Distributions Amid Portfolio Rebalancing and Cost Controls
ESR-REIT reported year-to-date third-quarter 2026 gross revenue of S$329.6 million, down 1.5% and net property income of S$237.5 million, down 4.2%, mainly due to divestments of non-core assets, although same-store revenue grew 1.8% on strong rental...
ESR-REIT Secures JPY 7.1 Billion Sustainability-Linked Loan to Bolster Funding Flexibility
ESR-REIT has secured a JPY 7.1 billion sustainability-linked unsecured term loan facility from Malayan Banking Berhad’s Singapore branch, which will serve broad corporate funding needs including refinancing existing debt, financing asset acquis...
ESR-REIT Recoups Most ACFS Arrears as Australian Tenant in Administration
ESR-REIT has stabilised rental income from Australian tenant ACFS Port Logistics after administrators and receivers assumed responsibility for lease obligations from 13 August 2026, with all rent due since then paid and expected to continue while ACF...
ESR-REIT Secures S$200 Million Sustainability-Linked Credit Facility
ESR-REIT has secured a S$200 million sustainability-linked unsecured revolving credit facility from Oversea-Chinese Banking Corporation Limited, which will serve as lender and sustainability coordinator. The facility, which carries no security and a...
ESR-REIT Faces A$12.2 Million Rent Arrears After ACFS Port Logistics Enters Administration
ESR-REIT has disclosed a rental payment default by ACFS Port Logistics, the tenant of three Australian logistics properties, which has fallen into arrears of about A$12.2 million. The REIT plans to draw down bank guarantees to cut the shortfall to ro...
ESR-REIT Secures Long-Term PSB Academy Leases After Completing Tai Seng Upgrades
ESR-REIT has completed its asset enhancement initiative at 29 Tai Seng Street in Singapore, securing a Temporary Occupation Permit and achieving BCA Green Mark GoldPLUS (Provisional) certification, underscoring the trust’s push into sustainable...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 01, 2026