Mapletree Logistics Buys Japanese Facility

News about Mapletree Logistics Trust

Mapletree Logistics Trust is announcing the acquisition of Higashi Hiroshima Centre, a logistics property around Hiroshima, Japan.

Asset

The freehold property, just completed in November 2020, has a gross floor area of 26,948 m² and is currently 33% leased.

Financing

The JPY6,370 million (roughly S$82.1 million) operation will be fully funded by debt.

Expectations

The operation is expected to be yield accretive and the trust aggregate leverage ratio will climb to 37.9%.

Mapletree Logistics Trust
Price2.040 SGD
NAV1.320 SGD
Yield (4 quarters)4.14%
Gearing38.2%