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%.

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