Basic Profile & Key Statistics
ARA LOGOS Logistics Trust (ALOG) is a Logistics REIT that owns 29 properties (exclude fund investments) in Singapore and Australia.
Performance Highlight
Gross revenue, NPI and distributable income increase due to contributions from newly acquired Australian properties, stronger performance across the portfolio and strong AUD. DPU increased YoY by 0.7% on a like-for-like basis.
Rental reversion is 2.4% for 1H 2021.
In 2Q, ALOG has divested Kidman Park & ALOG Changi Districenter 2. At the same time, there are AEI works across 5 properties in Singapore which are expected to be completed by December this year. The Heron Property is currently still under development and is expected to be completed by November.
Related Parties Shareholding
- REIT sponsor's shareholding is low at 12.01%
- REIT manager's shareholding is low at 0.52%
- Directors of REIT manager's shareholding is moderate at 0.13%
Lease Profile
- Occupancy is high at 98.2%
- WALE is moderate at 4 years
- Highest lease expiry within 5 years is low at 23.4% which falls in 2022
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