Prospect REIT Management Co., Ltd., the manager of the Prospect Logistics and Industrial Real Estate Investment Trust or “PROSPECT REIT,” showcased its performance for the second quarter of 2025, reporting total revenue of 179.87 million Baht, a growth of 25.50%, and an operational profit of 98.69 million Baht, up 29.38% from the previous quarter. This growth was driven by the third round of investment in additional properties at the beginning of June, allowing the trust to immediately recognize income from the latest high-quality warehouse and factory leasing projects, specifically the Bangkok Free Trade Zone 1, 2, and 3 (BFTZ 1, 2, 3), sponsored by Prospect Development Co., Ltd. The strong occupancy rate, coupled with the benefits of the Free Zone, has led to continuous high demand from operators, resulting in a robust Q2 performance. The average occupancy rate across all projects soared to 97.62%. The trust is preparing to seek approval from unit holders for a fourth round of investment in the Bangkok Free Trade Zone 6 (BFTZ 6) on September 18, 2025.

PROSPECT REIT has announced a distribution for the performance period from May 16 to June 30, 2025 (1.5 months) at a rate of 0.0900 Baht per trust unit, with the ex-dividend date (XD) set for August 28, 2025, and payments to unit holders scheduled for September 12, 2025. This brings the total distribution for the first six months of 2025 to 0.3950 Baht per unit, aligning well with expectations.

Ms. Aranong Chaitong, Chief Executive Officer of Prospect REIT Management Co., Ltd., as the trust manager, stated, “The performance in Q2 demonstrates the quality of both existing and new properties that PROSPECT REIT has invested in, along with a stringent management strategy that diversifies risks across all aspects. This solid foundation allows PROSPECT REIT to grow amidst uncertainties, reflected in consistently strong performance metrics, including revenue, occupancy rates, and stable rental rates. With over 72% of tenants operating factories and more than 60% of the area in Free Zone, operators are inclined towards long-term investments, ensuring sustainable growth for the portfolio.”

Furthermore, the Reciprocal Tariff imposed by the United States on Thailand has not affected tenants in the projects. The recently confirmed tax rate has decreased from 36% to 19%, boosting operators' confidence in their decisions to commence operations or expand production capacity.

Currently, PROSPECT REIT manages a total of 4 projects with a combined rental area of 514,010 square meters, distinguished by its strategic location in the industrial and logistics sector along Bangna-Trad Road in Samut Prakan. The top five tenant industries include:

  • Logistics
  • Automotive
  • Food and Beverage
  • Personal Consumer Goods and Pharmaceuticals
  • Steel and Metal Products

The majority of tenants are from Thai, Chinese, and Japanese companies, respectively, with a diverse distribution and no single tenant in the top 10 occupying more than 10% of the space.

“The trend of new tenants entering the projects is primarily from stable growth industries. For instance, at the BFTZ 3 project on Bangna-Trad Road, Km 19, we see demand from the logistics sector and electronic parts manufacturing. All projects under the trust can accommodate various business groups. Meanwhile, the foreign direct investment (FDI) figures for the first half of the year continue to grow, with total investments reaching 737.572 billion Baht, a 132% increase, reinforcing Thailand's status as a trusted investment destination and indicating an improving industrial sector. The trust manager's main focus moving forward will be to maintain the existing customer base, particularly in factory leasing, which will help stabilize income for the portfolio. For future investments, we aim to focus on longer leasehold investments and additional freehold investments. Each additional investment will have clear objectives, targeting assets that can generate immediate and consistent income, thereby ensuring good returns for unit holders,” Ms. Aranong added.

Regarding the plan for the fourth round of investment in the Bangkok Free Trade Zone 6 (BFTZ 6) on Bangna-Trad Road, Km 19, this involves investing in leasehold rights for part of the land and long-term ownership of the building for up to 29 years, with a rental area of over 50,748 square meters and a full occupancy rate of 100%. The funding for this fourth investment will come from PROSPECT REIT's working capital and long-term loans, with a total value not exceeding 970 million Baht. This investment will enhance revenue sources and generate returns for trust unit holders, and if approved by the unit holders, it is expected to increase the total asset value to over 9.8 billion Baht.