ESR posts 10% growth in 2022 Ebitda to $1.1b, revenue increases 7.1%

ESR posts 10% growth in 2022 Ebitda to $1.1b, revenue increases 7.1%

(From L-R): Jinchu Shen (Jeffrey), Co-founder & Co-CEO; Ivan Lim, Group CFO; Jeffrey Perlman, Chairman; Stuart Gibson, Co-founder & Co-CEO; and Rui Hua Chung, Group Head of Capital Markets & Investor Relations at ESR

Hong Kong-listed real estate giant ESR saw a 10% year-on-year jump in its earnings before interest, tax, depreciation, and amortisation (EBITDA) to around $1.1 billion in 2022. The group’s revenue for the year stood at $821 million, which is up 7.1% from the previous year’s $767 million.

Edited by: Pramod Mathew