Mapletree Industrial Trust Will Invest S$263m on a Property Redevelopment

News about Mapletree Industrial Trust

Mapletree Industrial Trust will turn its factory cluster in Kallang Way, Singapore into a high-tech industrial precinct through a S$263 million redevelopment.

MIT has sufficient financial capacity to fund the project, the manager said. Assuming the redevelopment is fully funded by debt, the aggregate leverage ratio is expected to increase progressively from 33.8 per cent as at March 31 to 36 per cent upon completion of the project.

Mapletree Industrial Trust
Price2.300 SGD
NAV1.510 SGD
Yield (4 quarters)5.29%
Gearing33.8%