Mapletree Logistics to Sell Shanghai Warehouse

News about Mapletree Logistics Trust

Mapletree Logistics Trust has entered into an agreement to sell a logistics facility in the Waigaoqiao Free Trade Zone in Pudong New District, Shanghai. The agreed price of RMB 330 million (approximately S$64.0 million) is 68% above the 31 March 2019 valuation.

Mapletree Logistics Trust
Price1.830 SGD
NAV1.180 SGD
Yield (4 quarters)4.44%
Gearing37.5%