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'Positive surprises' among industrial S-REITs, with logistics to outperform: DBS

Jovi Ho
Jovi Ho6/10/2021 2:59 PM GMT+08  • 4 min read
'Positive surprises' among industrial S-REITs, with logistics to outperform: DBS
The broad economic recovery, as well as delays in construction, played a role in the segment’s outperformance.
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There are “multiple positive surprises” among Singapore industrial REITs, and logistics assets are expected to outperform other properties, say DBS Group Research analysts Dale Lai and Derek Tan in a June 9 note.

Lai and Tan’s top picks to “buy” are ARA Logos Logistics Trust (ALLT), with a target price of 85 cents, and Mapletree Logistics Trust (MLT), with a target price of $2.35.

AALT invests in quality income-producing real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific. MLT invests in logistics warehouses in the Asia Pacific region.

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