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.