AALT invests in quality income-producing real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific. MLT invests in logistics warehouses in the Asia Pacific region.
There are “multiple positive surprises” among Singapore industrial REITs, and logistics assets are expected to outperform other properties, say DBS Group Research analysts Dale Lai and Derek Tan in a June 9 note.
Lai and Tan’s top picks to “buy” are ARA Logos Logistics Trust (ALLT), with a target price of 85 cents, and Mapletree Logistics Trust (MLT), with a target price of $2.35.
