Letter to
Unitholders

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In yet another significant milestone, we completed a transformational merger, unifying the ESR-REIT and Viva Industrial Trust (“VIT”) portfolios... a landmark transaction in the S-REIT sector and for the best interests of Unitholders.
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Key
Highlights

Stable Returns

  1. As at 31 December 2018.
  2. Based on closing price of S$0.510 as at 31 December 2018 and FY2018 DPU of 3.857 cents.
  3. Based on closing price of S$0.565 as at 31 December 2017 and FY2017 DPU of 3.853 cents.

Improving Portfolio Fundamentals

Improving Portfolio Fundamentals
  1. Includes valuation of 7000 Ang Mo Kio Avenue 5 on a 100% basis, of which ESR-REIT has 80% economic interest.
  2. Above JTC average of 89.3% as at 31 December 2018.
  3. Interest rate exposure fixed for a weighted average tenor of 3.0 years.