Mapletree Industrial Acquires Remaining Stakes in 14 Data Centres

News about Mapletree Industrial Trust

MIT has requested a trading halt today as it announces the purchase of the remaining 60% stake in a portfolio of 14 American data centres it already partially own. The US$218 million operation is to be funded with a private placement of at least S$350 million, but the manager believes the operation will be NAV and DPU accretive to existing unitholders.

Mapletree Industrial Trust
Price3.270 SGD
NAV1.620 SGD
Yield (4 quarters)3.67%
Gearing38.8%