Mapletree Logistics Buys 17 Properties, Makes Right Issue

News about Mapletree Logistics Trust

Mapletree Logistics can't stop snapping up assets and is now announcing another round of acquisitions:

  • 13 logistics properties in China and 3 logistics properties in Vietnam, for about S$1 billion. The portfolio has with a committed occupancy of 91% and WALE (by NLA) of 2.9 years.
  • 1 freehold Japanese property for about S$416.3 million, with a committed occupancy of 82.5% and WALE of 1.7 years.

The trust is also announcing an early advanced distribution and an equity raising operation, with both a private placement and a public offering to raise about S$700 million in order to fund the operation.

Mapletree Logistics Trust
Price1.880 SGD
NAV1.320 SGD
Yield (4 quarters)4.55%
Gearing38.2%