KGI cuts PROSPECT REIT subscription price to 9.00 baht per unit

Thunhoon··TH·Read original
2▲0 ▼0Impact / 5
Summary · why it matters

KGI Securities has issued an analysis updating the latest capital increase and subscription price for the PROSPECT REIT fund, setting the final offering price at 9.00 baht per unit, reduced from the previous maximum ceiling of 10.50 baht per unit. The target asset is the Bangkok Free Trade Zone 4 project, or BFTZ 4, located in Bang Pakong district of Chachoengsao province. This capital increase aims to grow total portfolio value from about 10 billion baht to 15 billion baht and to raise net leasable area to 750,000 square meters, focusing on the logistics and warehouse market within the Eastern Economic Corridor. The sponsor, Prospect Development, has guaranteed a minimum rental income of 170 baht per square meter per month for two years for space that remains unleased as of the investment date. The historical distribution yield of PROSPECT REIT is around 8 to 11 percent per year, and there are plans to switch to monthly distributions. For the funds KGI recommends for September 2026, the research team continues to recommend top-tier funds CPNREIT, WHAIR and AMATAR, as well as second-tier picks ALLY, LHHOTEL and PROSPECT.

Impact on assets 7

Real Estate▲ · 4 stocks
Energy▲ · 2 stocks
Financials▲ · 1 stocks

Off-coverage companies 2

Prospect REITPrivate▼ Negative
Capitalrelevance

PROSPECT REIT's capital increase subscription price was cut to 9.00 baht per unit from the 10.50 baht ceiling, a lower offering valuation for the fund.

Prospect DevelopmentPrivate± Mixed
Capitalrelevance

Sponsor Prospect Development guaranteed a minimum rental income of 170 baht/sqm/month for two years on unleased space in the BFTZ 4 asset.

© 2026 MarketIVNews