Mapletree Logistics Sells 5 Japanese Properties

News about Mapletree Logistics Trust

Mapletree Logistics Trust keeps cycling its portfolio by divesting from 5 warehouses in Japan:

After evaluating all viable options and taking into consideration the Properties' olderwarehouse building specifications, limited future income growth and lack of redevelopment potential, the Manager assessed that divesting the Properties at the offered price would be desirable in the interests of MLT's unitholders

The transaction of a total of S$213.3 million is 21% above the latest appraised value of the properties.

Mapletree Logistics Trust
Price1.630 SGD
NAV1.170 SGD
Yield (4 quarters)4.91%
Gearing36.8%