PROSPECT‌ Logistics and Industrial​ Real Estate and ​Leasehold Real Estate​ Investment Trust Sets Ambitious Targets for 2024-2026

PROSPECT Logistics ‌and‍ Industrial Real Estate‍ and Leasehold Real Estate Investment Trust ⁣has announced its plans to maintain space occupancy at 90% and an EBITDA Margin above 70% during 2024-2026, with the goal of‍ increasing ‌total ​income to 1-1.1 billion baht.

Tris Rating Assigns “BBB-“​ Credit Rating with a “Stable” ⁣Outlook

Tris Rating has assigned a credit rating of “BBB-” with a ⁤”Stable” outlook⁣ to PROSPECT, citing the trust’s ability to maintain ⁤a high occupancy rate and EBITDA Margin.

Expect Total Income to Reach 1-1.1 Billion Baht

During 2025-2026, PROSPECT ​plans ‍to acquire new ⁢assets, resulting in real estate values exceeding ‌10 billion baht. ⁣This is⁣ expected to drive total income to​ 1-1.1 billion baht.

Intensive Investment Assets

However, the ‍trust’s investment assets are concentrated in terms of location, tenants, and⁤ rental contracts. The⁢ 10 largest tenants account for 40% of the total rental space, and the termination of lease contracts or reduction in rental area‍ may⁤ impact operating results.

Lease Contract Expirations

15%⁣ of the space ⁢lease contracts will expire in 2024, while​ 23% will expire in 2025, and 37% will expire in 2026.