1. Describe the ALOG’s recent financial performances.
ARA LOGOS Logistics Trust (ALOG) is a real estate investment trust that invests in income-producing real estate used for logistics purposes, as well as real estate related assets, in Asia Pacific. ALOG reported a stronger operating and bottom-line performance at our recent 1HFY2020 results. Some key highlights include: 

  • Y-oy basis: Gross revenue and net property income (NPI) rose 4.3% and 7.0% respectively in 2QFY2020 compared to 2QFY2019. This was underpinned by higher revenue as a result of strong leasing activity during the quarter. 2QFY2020 distributable income also increased 1.3% to $14.5 million from $14.3 million in 2QFY2019. On a like-for-like basis, excluding capital and one-off distributions, 2QFY20’s distributable income was up 25.0% from 2QFY2019.
  • Q-o-q basis: 2QFY2020 gross revenue was 0.8% higher than 1QFY2019, mainly due to commencement of new leases. 2QFY2020 NPI was, however, 0.6% marginally lower due to higher property expenses. Distributable income increased 33.3% to S$14.5 million from $10.9 million in 1QFY2020. On a like-for-like basis, excluding capital and one-off distributions, 2QFY2020’s distributable income rose 4.6%.
As at June 30, ALOG's portfolio comprises 27 high quality logistics warehouse properties strategically located in established logistics clusters in Singapore and Australia. The portfolio has a total gross floor area of 9 million sq ft t valued at $1.26 billion.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook