As we approach the end of 2024, those who rely on income from investments are eagerly looking forward to what 2025 might have in store for them. They’re particularly interested in scrutinizing the latest earnings reports from the companies that make up their portfolios. If a business can successfully boost its revenue and profits, there’s a greater likelihood it will increase its dividends. With this in mind, let’s take a closer look at three Singaporean companies that are planning to distribute dividends in January 2025.
ESR REIT (SGX: J91U)
Let’s start with ESR REIT, formerly called ESR-Logos REIT. This real estate investment trust manages a collection of 71 properties, with a hefty total asset value of S$4.3 billion. Recently, ESR REIT shared its business update for the third quarter of 2024. During this period, gross revenue experienced a decline of 6.3% compared to the previous year, coming in at S$272.5 million. Similarly, net property income (NPI) dropped by 6.5%, settling at S$192.7 million. Despite these dips, the portfolio remains robust with a healthy occupancy rate of 91.3% and an impressive rental reversion rate of 11% for the quarter. On the financial side, ESR REIT maintains a conservative gearing ratio of just 36% and has managed to keep its cost of debt relatively low at 3.96%.
