REITs – Singapore
Logistics REITs – Tailwind From E-commerce And Building Resiliency In Supply Chains E-commerce is a key driver of demand as online retail sales require 3x the logistics space compared with brick & mortar retail sales. The transition from just-in-time to just-in-case supply chains is also expected to increase inventories by 5-10%. BUY FLT (Target: S$1.79) and ALLT (Target: S$0.89), which provide FY22 distribution yield of 5.6% and 6.2% respectively.