Mapletree Logistics on Thursday said it has successfully divested a property located at 39 Tampines Street 92. In a stock exchange filing, Mapletree Logistics said the property was sold for S$14.7 million. Around S$13.8 million of this will be redeployed to partially fund the acquisition of Jian Huang Building 1. That amount is equivalent to the original acquisition cost of the property. The company...
Mapletree Logistics Trust
Mapletree Logistics Trust on Thursday said its first-quarter distribution per unit (DPU) rose 3.3 per cent on-year to 1.55 cents. The Trust said its DPU increased by a lower percentage due to an enlarged number of units from the equity fund raising exercise in the last quarter of the financial year in 2010. Distributable income rose by 21.7 per cent on-year to S$37.5 million while net property income...
Mapletree Logistics Trust (MapletreeLog) said that it has acquired a property in the Chugoku region in western Japan for S$114.2 million. It said in a statement that the Hiroshima Centre consists of two buildings - a two-storey warehouse for cold or frozen storage and a two-storey dry warehouse with an ancillary office. The combined total gross floor area of both buildings is about 43,600 square metres,...
Mapletree Logistics Trust (MLT) said it has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This is 1 per cent higher than 1.54 cents in the third quarter of last year. Distributable income grew 17 per cent for Q4 2010 to S$36.8 million, while net property income grew 13 per cent to S$53.8 million. MLT said the improved fourth quarter performance...
Mapletree Logistics Trust (MLT) has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This was 1 per cent lower than the 1.54 cents distributed in the same quarter a year ago. Distributable income grew 17 per cent for the fourth quarter of 2010 to S$36.8 million, while net property income increased 13 per cent to S$53.8 million. MLT attributed the...
Mapletree Logistics Trust's third quarter distribution per unit (DPU) has seen a 4.1 per cent increase to 1.54 cents, higher than the 1.48 cents reported last year. Mapletree Logistics' distributable income rose by 9.5 per cent on-year to S$31.5 million. Its net property income also went up by 8.1 per cent on-year to S$47.6 million. The trust says its actual cumulative DPU pursuant to its equity fund...
Mainboard-listed Mapletree Logistics Trust said on Tuesday it was buying a warehouse facility in Japan for some S$16.2 million. It signed a sale and purchase agreement to acquire Toki Logistics Centre from Hamakyorex, a third-party logistics company in Japan. Under the deal, Hamakyorex will enter into a 10-year lease agreement with Mapletree Logistics. The property is a two-storey warehouse facility...
Mapletree Logistics Trust has said it is raising S$300 million in capital through the issue of new shares to fuel its growth plans. The fund raising will comprise a combination of private placement and preferential offering of more than 370 million new units. The Trust said it hopes to raise around S$170 million from the private placement of new units offered at a price range of between 82 and 84 cents...
Mapletree Logistics Trust has been agreed to acquire the following properties in Japan Kabushiki Kaisha A-Max to acquire the following properties in Japan: * Iwatsuki Logistics Centre: a distribution centre with ancillary office located in Iwatsuki, Saitama Prefecture with gross floor area (GFA) of 30,000 sqm. * Iruma Logistics Centre: a distribution centre with ancillary office with GFA of 26,000 sqm,...
Mapletree Logistics Trust saw a 1.35 per cent on-year increase in its distribution per unit in the second quarter this year. Its DPU for the second quarter came in at 1.5 cents, just above the 1.48 cents announced in the same period a year ago. Distributable income rose by 7.7 per cent on-year to some S$30.8 million, while net property income was up 0.3 per cent on-year to about S$45.8...