Prospect Logistics and Industrial Real Estate Investment Trust or "PROSPECT REIT" has announced its readiness to list an additional 130,000,000 trust units on the Stock Exchange of Thailand on March 27, 2023. The trust is confident that its investments in the Bangkok Free Trade Zone 2 (BFTZ 2) on Theparak Road and Bangkok Free Trade Zone 3 (BFTZ 3) on Bangna-Trad Road, Km 19, both high-quality assets located in a prime logistics area, will enhance the potential and stability for sustainable growth of the trust.

Ms. Oranong Chaitong, Chief Executive Officer of Prospect REIT Management Co., Ltd., as the trust manager of PROSPECT REIT, stated, "PROSPECT REIT has successfully invested in both high-potential projects and is preparing to trade the additional trust units on March 27, 2023. Despite the ongoing financial issues in the U.S. and Europe causing some investor concerns, we have still received strong interest from investors for subscriptions. We believe that the two projects we have invested in are high-quality assets from a main sponsor with extensive experience and expertise in developing and managing rental factories and warehouses, which can thrive in any situation and consistently provide good returns to unit holders. Additionally, this will further strengthen the stability of PROSPECT REIT in terms of total asset value and increase the proportion of freehold investments."

Both projects that PROSPECT REIT has invested in are new high-quality developments strategically located in Thailand's industrial and logistics hub. The investment in the BFTZ 3 project is entirely within a Free Zone, and the new buildings are capable of accommodating larger logistics businesses, meeting the demands of e-commerce expansion and positive signals from the manufacturing sector and import-export activities. With this potential, both projects are experiencing continuous demand from operators interested in utilizing the space.

Since its establishment in 2020, PROSPECT REIT has maintained a strong occupancy rate and consistently generated good returns. In 2022, it paid a total return of 0.9025 Baht per unit, with an occupancy rate exceeding 93% and an average contract renewal rate of over 97%. Following this capital increase, the expected First Year Yield is projected to exceed 9% (at the offering price of 9.00 Baht per trust unit), which is considered quite high amid the current volatile economic conditions, making it an attractive investment option for those looking to diversify their portfolios. Furthermore, the total asset value according to the trust's financial statements will increase to 5.338 billion Baht, and the trust will continue to pursue its management strategy focused on investing in quality assets, aiming to expand total asset value to 10 billion Baht by 2024.

The trust manager is scheduled to list the additional 130,000,000 trust units on the Stock Exchange of Thailand on March 27, 2023. For more information and updates on PROSPECT REIT, please follow https://www.facebook.com/ProspectRM.