PROSPECT REIT, or the Prospect Logistics and Industrial Real Estate Investment Trust, is preparing for its third capital increase to fund its fifth additional investment in the Bangkok Free Trade Zone 4 project, also known as BFTZ 4, in Bang Pakong District, Chachoengsao Province. The total value is not more than 5.04 billion baht, comprising an offering of up to 450 million additional trust units and a loan from financial institutions of up to 2 billion baht. The asset to be invested in is a long-term leasehold right to 31 ready-built factory and warehouse buildings, totaling 101 units, on land of over 202 rai, with a total leasable area of 187,949 square meters. This is divided into 153,788 square meters in a free zone area and 34,161 square meters in a general industrial zone. The lease term is 30 years, renewable for another 30 years, which will increase the trust's average leasehold period to approximately 28 years from the current approximately 15 years. The portfolio value will rise from 10 billion baht as of the first quarter of 2026 to over 15 billion baht, while the managed area will expand to over 750,000 square meters. The main sponsor will guarantee rental income for unoccupied space at a minimum rate of 170 baht per square meter per month for two years. The trust has set the XR date to determine the list of existing unitholders entitled to subscribe for the capital increase units and to receive a dividend from operating results for the period from May 1 to May 31, 2026, at a rate of 0.0705 baht per unit. The XD date to determine the list of unitholders entitled to the dividend is set simultaneously on August 5, 2026.
