Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Singapore Economics: Concentrated Outperformance Masks Soft Spots in Domestic Economy

CICT SP: Buy Singapore REITs on Steep Interest Rate Decline (3M SORA)

ESR: A Diversified Fund Manager and Good Alternative Stock to Own in This Chaotic Time

Power Is the New Land: Logistics REITs Pivot to Hyperscale AI Data Centers

The 6.4 GW Sovereign of Silicon: GMG the Ultimate Structural Tollbooth for Global AI Infra

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>ESR-REIT offers structural arbitrage, absorbing a massive pipeline of AI infrastructure and hyperscale data centers from its newly privatized sponsor without greenfield execution risk.</li>
<li>The 510 MW Racks Central campus positions ESR-REIT to perfectly capitalize on the Johor-Singapore Special Economic Zone decentralization megatrend, driving unprecedented regional growth.</li>
<li>We think ESR REIT offers upside potential with a compelling 8.2% yield, leveraging robust debt headroom to capture the New Economy pivot through stabilized, high-yielding specialized logistics hubs.</li>
</ul>


ESR-REIT offers structural arbitrage, absorbing a massive pipeline of AI infrastructure and hyperscale data centers from its newly privatized sponsor without greenfield execution risk.
The 510 MW Racks Central campus positions ESR-REIT to perfectly capitalize on the Johor-Singapore Special Economic Zone decentralization megatrend, driving unprecedented regional growth.
We think ESR REIT offers upside potential with a compelling 8.2% yield, leveraging robust debt headroom to capture the New Economy pivot through stabilized, high-yielding specialized logistics hubs.


ESR-REIT: The Ultimate Stabilized Yield Play on APAC's AI & JS-SEZ Megatrend