We had a good session with our unitholders attending our AGM. FY2023 is characterized by sticky inflation leading to unpredecented and record interest rates rises. Management & Board provided insights to unitholders: ✅ The rationale for undertaking the key initiatives we undertook Early amidst rising interest rates environment to Reinforce our balance sheet, Recycle our Capital and Rejuvenate our Assets. ✅ While #ELOG enter 2024 with a robust and stronger balance sheet with no refinancing and high fixed rate hedges, the key risks of (a) Inflation (b) “Higher-for-Longer” Interest Rates (c) Impact of Higher Discount and Capitalization Rates on Valuation & Gearing and (d) Business Confidence remains. ✅ Our views and strategies on how we intend to manage these risks while continuing to leverage on good opportunities to improve our portfolio quality, DPU and NAV. Unitholders not only asked questions on our strategies, they gave feedback & valuable suggestions —> We believe that’s how AGMs should be. There was good decorum and mutual respect for one another. We thank Unitholders who gave Management & Board compliments as it means a lot to us. As per our tradition, we ended the AGM with a sit down lunch with our unitholders and we thank our Board of Directors staying back and interacting with our Unitholders. #ESR #ESRLOGOSREIT #AGM
ESR-LOGOS REIT would like to thank all Unitholders who took the time to attend our Annual General Meeting held earlier this week and for their overwhelming support with their votes to pass all resolutions at the meeting. The AGM this year also marked a record turnout with close to 400 Unitholders in attendance. We would like to express our appreciation to Unitholders who posed insightful questions to our Board of Directors and Management Team. We hope our Unitholders enjoyed the lunch reception and the interactions with our Board of Directors and Management Team after the meeting. All feedback and interactions are invaluable to us, and we strive to further create value and deliver sustainable growth for our Unitholders. Once again, thanks to our Unitholders for their support, and we look forward to more engagements moving forward! #ESRLOGOSREIT #ELOG #ESR #AGM #NewEconomy #FutureReady