www.jpmorganmarkets.comAsiaPacificEquityResearch31January2020SingaporeIndustrialREITsPositivityinthemidstofgloomSingaporeREITsMervinSong,CFAAC(65)6882-7829mervin.song@jpmorgan.comBloombergJPMAMSONG<GO>J.P.MorganSecuritiesSingaporePrivateLimitedTerenceMKhiAC(65)6882-1518terence.ml.khi@jpmchase.comBloombergJPMATKHI<GO>J.P.MorganSecuritiesSingaporePrivateLimitedCussonLeung,CFA(852)2800-8526cusson.leung@jpmorgan.comJ.P.MorganSecurities(AsiaPacific)LimitedAjayMirchandani(65)6882-2419ajay.mirchandani@jpmorgan.comJ.P.MorganSecuritiesSingaporePrivateLimitedSeepage23foranalystcertificationandimportantdisclosures,includingnon-USanalystdisclosures.J.P.Morgandoesands...