ESR-REIT (SG:J91U) has released an update.
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In a strategic move, ESR-LOGOS REIT has issued over 12 million new units to its Manager and Property Manager as partial payment for their services in the first quarter of 2024. The units, priced at S$0.2964 each, were determined by the average trading price on the Singapore Exchange over the last ten business days of the quarter. This issuance expands the total number of ESR-LOGOS REIT units in circulation to 7.69 billion, increasing the Manager and Property Manager’s stakes to 2.08% and 0.49%, respectively.
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