Mapletree Logistics Sells Two Malaysian Properties

News about Mapletree Logistics Trust

Mapletree Logistics Trust is divesting of two warehouse in Malaysia for RM50.2 million, or 6.1% over the latest valuation as of October 1st 2022:

Subang 1 is a 16-year old warehouse located in Subang while Chee Wah is a 18-year old warehouse located in Puchong, with gross floor area of 12,873 square metres (“sqm”) and 7,705 sqm respectively. Both properties are single-storey warehouses with limited redevelopment potential.

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