“Trading at a reasonable 1.3x price to book value (P/BV), ARA Logos, a pure-play logistics REIT has strongly outperformed year to date (+17%) vs the STI (+8%) and the S-REIT (-4%),” writes Natarajan in a March 12 note. “We expect this share price momentum to continue, driven by structural demand tailwinds, positive news flow, along with organic and inorganic portfolio growth.”
ARA Logos Logistics Trust is riding on a rising logistics demand, says RHB Group Research analyst Vijay Natarajan, with good medium-term growth potential ahead.
Natarajan is maintaining his “buy” call on ARA Logos, with a raised target price of 78 cents representing an 11% upside.
