Prospect REIT Management Co., Ltd., the trust manager of the Prospect Logistics and Industrial Real Estate Investment Trust, or “PROSPECT REIT,” has announced its performance for the year 2025, reporting total revenue of 877.27 million baht, an increase of 46.36%, and an operating profit of 493.30 million baht, growing by 46.61% from the previous year. The main driver of this growth was the recognition of income from new property investments in the Bangkok Free Trade Zone (BFTZ) projects 1, 2, 3, and 6, located on Bangna-Trad Road, km 19 to 23, Samut Prakan, which are strategically positioned in industrial areas. This has supported overall performance growth across all dimensions as targeted. This year's success is also reflected in the overall occupancy rate across all projects, which reached a record high of 99.43%. Most new tenants are leasing ready-built factories in the Free Zone, signaling continuous growth in the warehouse and factory rental business, particularly in the Bangna-Trad area of Samut Prakan, the industrial cluster hub. The company is also set to invest further in a new strategic project, BFTZ 4 in Bang Pakong, Chachoengsao, covering an additional 187,949 square meters.

Preparing to pay a quarterly benefit for Q4/2025 at a rate of 0.2180 baht per trust unit, the ex-dividend date (XD) is set for February 27, 2026, with payment scheduled for March 16, 2026. Throughout 2025, a total of 0.8280 baht per unit will be distributed to unit holders, representing a yield of 11.92% based on the market price at the end of Q4 2025 (6.95 baht per unit).

Ms. Oranong Chaitong, CEO of Prospect REIT Management Co., Ltd., as the trust manager, stated, “The performance in Q4 and the overall year 2025 met our expectations, with increased revenue following additional investments and an annual dividend of 0.8280 baht per unit. The occupancy rate has also achieved a new record compared to the previous quarter, thanks to our strategy of investing in high-quality assets and effective management by the trust manager. Meanwhile, the renewal rate last year remained high at 98.24%, reinforcing the potential of the projects under the trust, all located in high-potential areas, enhancing tax benefits from the Free Zone and providing comprehensive One Stop Service to support both Thai and foreign investors in establishing long-term production bases. This aligns with the investment trends in the industrial sector, where we see a growing interest from foreign operators in leasing warehouses and ready-built factories for increased agility, along with a rapid acceleration in leasing activity. Projects that meet these standards can effectively accommodate this demand. Moving forward, we aim to maintain our performance and manage the trust effectively to deliver consistent returns to our unit holders.”

As of the end of 2025, PROSPECT REIT manages a total of 5 projects with a total leasable area of 564,758 square meters and total asset value exceeding 10.053 billion baht, with approximately 55% of the area in the Free Zone. The trust has a strong foundation due to its diversified tenant base across various leading industries and nationalities, including transportation and logistics, consumer goods and pharmaceuticals, automotive, food and beverage, steel and metal products, and electronics, with no single industry accounting for more than 20% to mitigate risks associated with reliance on any one sector, thus creating a balanced portfolio capable of growth in all cycles. Additionally, most tenants lease buildings for factory operations, maintaining a consistently high renewal rate, ensuring stable income for the trust.

Looking ahead to 2026, following the approval from unit holders for the third capital increase, PROSPECT REIT will invest in the Bangkok Free Trade Zone 4 (BFTZ 4) in Bang Pakong, Chachoengsao, with a total leasable area of 187,949 square meters under a 30-year leasehold agreement (with an option to extend for another 30 years) valued at no more than 5.04 billion baht. This additional investment will increase the total asset value to over 14 billion baht and extend the leasehold period under the trust to 28 years, providing stable long-term benefits to unit holders. It is expected to generate significant additional revenue of approximately 400 million baht per year while continuing to create investment opportunities in high-potential assets from the main sponsor, Prospect Development Co., Ltd., and acquiring assets outside the group, as well as diversifying investments into other locations.

“Despite the fluctuating economic conditions and capital markets in Thailand, we believe that Industrial REITs are a viable option for investors as a ‘Safe Haven’ that focuses on delivering consistent performance through regular dividends every quarter. For the trust manager of PROSPECT REIT, we prioritize prudent financial management, managing liquidity, planning for gradual loan repayments, and reserving funds before dividend payments, while clearly communicating information to build confidence among investors and unit holders,” Ms. Oranong concluded.

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