[SGX Stock] ESR REITS unexpectedly gone so high !

LOL ! I had been holding on to ESR REITS for several years now. Only recent movement for me for SGX stocks, i had sold Singtel at a profit. But while reviewing through my various stocks via my POEMS account, I unexpectedly saw profits for my ESR REITS at more than 400% jump of what i own ! It seems based on the recent DBS's Analysis:

ESR REIT (EREIT) reported a strong start to FY25, with 1Q25 distributable income rising 7.0% y/y to SGD44.2mn, driven by full-quarter contributions from two strategic acquisitions and uplift from recent AEI completions. This is inline with our FY25 projections, and makes up c.25% of our full-year estimates. Revenue surged 24.2% y/y to SGD110.5mn and NPI climbed 31.3% to SGD82.5mn, bolstered by the acquisitions of ESR Yatomi Kisosaki DC and 51% stake in 20 Tuas South Ave 14 (both completed in November 2024). On a same-store basis, gross revenue and NPI still posted respectable growth of 3.4% and 5.3% y/y respectively, underscoring strong leasing momentum and cost efficiency gains. Portfolio occupancy held steady at 91.6%, while rental reversions moderated to +8.6% from +10.8% a year ago, led by the Logistics and General Industrial segments. Divestments of two non-core assets above book and ongoing AEIs at 29 Tai Seng Street and 16 Tai Seng Street reaffirm management’s disciplined capital recycling strategy. Cost of debt fell to 3.65% (from 3.84%), and gearing improved 0.9ppt q/q to 41.9%.

Anyway, with such strong earnings, I think i will hold on to ESR REITS ! In fact, i am still holding on to CAPLD ASCEN REIT, CAPLD INT COM TR, FRASERS CPT TR, MAPLETREE PAC TR, STARHUB and of course ESR REIT as of now.