- Occupancy is high at 98.5%.
- WALE is short at 2.8 years where the highest lease expiry of 27.5% falls in this year.
- Weighted average land lease expiry is short at 44.99 years.
Basic Profile & Key Statistics
ARA LOGOS Logistics Trust (ALOG) is a pure Logistics REIT that owns 27 properties in Singapore and Australia.
Performance Review
Gross revenue and NPI increased YoY by 8.6% and 10.7% respectively mainly due to commencement of new leases at certain properties as well as additional revenue from DHL Supply Chain ARC. Distributable income from operations increased by 22.6% YoY.
2H DPU increased by 8.9% YoY; excluding one-off items, DPU from operations increased by 16.3% YoY.
Rental reversion is 9.8% for 2H FY2020 and 4.8% for FY2020.
The acquisition of Australian properties is still in progress; private placement and preferential offer are completed, the next would be the Ivanhoé and LOGOS issuance for up to approximately S$70.0m and S$ 18.7m worth of New Units.
Lease Profile