Mapletree Logistics Selling Singapore Property

News about Mapletree Logistics Trust

Mapletree Logistics Trust is proposing the sale of its property at 3 Changi South Lane (Singapore) for the price of S$22.0 million:

The proposed sale price represents a 39.2% premium to the Property’s latest valuation of S$15.8 million as at 1 October 2022. The Manager plans to distribute any divestment gain from the transaction to Unitholders, after taking into account all relevant costs and expenses, while the capital released may be used to fund committed investments and/or reduce debt.

Mapletree Logistics Trust
Price1.740 SGD
NAV1.410 SGD
Yield (4 quarters)5.18%
Gearing37.4%