StocksMedium•27 October 2026•
1 min read
ESR Reit Q3 Net Property Income Falls 4.2%
Key Facts
1ESR Reit's net property income fell 4.2% to S$237.5 million in the third quarter.
2Revenue declined 1.5% to S$329.6 million due to higher utilities and property tax expenses.
ESR Reit's net property income fell 4.2% to S$237.5 million in the third quarter of 2026. The Business Times reported that revenue declined 1.5% to S$329.6 million during the same period.
The decline was driven by higher operating expenses, specifically increased utilities and property tax expenses which impacted overall performance. Following the announcement, the ESR Reit unit price dropped 1%.