Mapletree Industrial Trust (MIT) plans to redevelop a flatted-factory cluster at Kallang Way into a high-tech industrial precinct at a total project cost of about S$263 million, the manager of the mainboard-listed real estate industrial trust (Reit) said. This will be MIT’s largest redevelopment project to date, and is another strategic step in growing its high-tech buildings segment, the manager...
The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago. Net property income for the quarter rose 1.9 per cent to S$69.5 million from a year ago. In a media statement, it said the wider economy and business sentiments of small and medium enterprises in Singapore "remain...
Mapletree Industrial Trust has raised its distribution to unitholders for its fiscal third-quarter by 7.4 per cent from a year earlier, thanks to higher rentals and improved occupancy rates at some of its properties. Distribution per unit for the three months ended Dec. 31 was 2.32 Singapore cents, compared with 2.16 Singapore cents in same period last year, the real-estate investment trust said in a...
Mapletree Industrial Trust (MIT) on Tuesday reported a 14.1 per cent year-on-year increase in its first quarter distribution per unit (DPU) to 2.26 cents. The DPU was up from the 1.98 cents DPU it posted in the same period a year ago. Distributable income for the quarter ended June also rose by 27.1 per cent to S$36.9 million from S$29 million last year. The trust, partly-owned by Temasek Holdings,...
Mapletree Industrial Trust (MIT) recorded a distribution per unit (DPU) of 2.22 Singapore cents for the fourth quarter of its fiscal year. This is 2.8 per cent higher than the third quarter and 15 per cent higher than the corresponding period of the previous year. For its full fiscal year, the real-estate investment trust (REIT) recorded a DPU of 8.41 cents, beating its own forecast by 12.7 per...
Mapletree Industrial Trust (MIT) has reported a 5.4 per cent increase in its distribution per unit (DPU) to 2.16 Singapore cents for the third quarter ended 31 December. The higher DPU is due to higher rental income which lifted the trust's net property income by 25 percent to S$45.6 million. Its chief executive officer, Mr Tham Kuo Wei, said in a statement: "MIT continued to deliver strong performance...
Mainboard-listed Mapletree Industrial Trust (MIT) has priced an offering of new units at S$1.09 a unit, in relation to the private placement of 48.5 million new units in the company. This was a discount of 2.2 per cent to the adjusted volume weighted average price of S$1.115 a unit on July 27, MIT said. It has also priced its preferential offering at S$1.06 a unit. Citigroup and DBS Bank were the joint...
Mapletree Industrial Trust has reported a distribution per unit (DPU) of 1.52 cents in its first financial results for the period from its listing date of October 21 to 31 December 2010. The DPU was 13.4 per cent higher than its own forecast. Mapletree said the distributable income was at S$22.28 million, 13.6 per cent higher than the forecast made by the company in its prospectus. The trust said the...
Mapletree Industrial Trust made a sparkling debut on Thursday, surging as much as 29 percent above its IPO price as investors were drawn by its high dividend yield amid rock-bottom interest rates. Units of Mapletree Industrial, which owns factories and other industrial properties in Singapore, opened at S$1.15 a unit against an IPO price of S$0.93. It rose as high as S$1.20 a unit. Mapletree's S$940...
Mapletree Industrial Trust (MIT) said on Tuesday it has received strong demand for its initial public offering (IPO). In all, it received a total demand of some 21.6 billion units, 37.9 times more than the 569.4 million units available for subscription. Strong demand from international and local institutional investors saw them requesting for 19.4 billion units, even though just some 488.7 million units...
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