Mapletree Logistics Trust says its distribution to unit holders for the first quarter is 1.5 cents per unit, up 2 per cent from a year earlier. Total amount distributable for the three months ended March rose 7.8 per cent to S$30.8 million. Meanwhile, net property income edged up 0.9 per cent to S$45.8 million. The trust's manager says the improvement is largely due to lower property expenses and...
Mapletree Logistics Trust
Mapletree Logistics Trust has acquired a warehouse at Changi South Street for S$34 million. The acquisition is expected to be completed in the first quarter of this year. The vendor of the property is CEVA Freight, which will lease back the property for an initial term of five years, with an option to extend for another five years. Its rental will rise two per cent per year from the second...
Mapletree Logistics Trust has reported a fourth quarter distribution per unit of 1.59 cents, up 8.9 per cent from a year earlier. Included in the amount distributable was a S$2.5 million consideration from Prima Limited for the extension of the lease at a Singapore property. This forms part of the amount distributable as it is part of Mapletree's taxable income for financial year 2009. As a result, the...
Mapletree Logistics Trust said on Tuesday its private placement to raise net proceeds of about S$78 million has been over-subscribed, with strong participation from both existing and new unit holders. The new units were allocated to over 20 quality institutional investors from Asia, Australia, Europe and the US. About 80 per cent of the new units were allocated to long-only fundamental investors. The...
Mapletree Logistics Trust said Monday it is raising net proceeds of about S$78 million in a private placement. It is offering 115 million new units at a price of between 69 and 71 Singapore cents per unit. The net proceeds will be used to finance two proposed acquisitions in Singapore amounting to S$78 million. One of the acquisitions is a six-storey warehouse facility in the west of Singapore for S$43...
DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...
Mapletree Logistics Trust has reported a second quarter distribution per unit (DPU) of 1.48 Singapore cents, down 27 per cent from a year earlier. The fall in DPU was mainly due to the enlarged number of outstanding units as a result of the rights issue last August. Net property income for the three months ended June rose 19.2 per cent to S$45.7 million. Distributable income meanwhile rose 26.7 per cent...
Mapletree Logistics Trust says it achieved a total amount distributable of $29 million for 2Q 2009, an improvement of 27% compared with 2Q 2008. On a half yearly basis, amount distributable in 1H 2009 was $57 million, an improvement of 31% over the corresponding period last year. As at 30 June 2009, the trust’s portfolio comprises 81 properties, with a book value of close to $3 billion. Of the 81...
Mapletree Logistics Trust saw its distributable income amount rise 36.1 per cent to some S$29 million in the first quarter of 2009 over the previous year. The trust said available distribution per unit (DPU) was 1.47 cents for the period, which is about 0.7 per cent higher compared to the previous quarter. The payout will be made on May 29, 2009. Mapletree Log said the increase is largely due to lower...
The manager of Singapore-listed Mapletree Logistics Trust said it currently has no plans for any equity fundraising exercise. In a filing to the Singapore Exchange, MapletreeLog sought to differentiate itself from its sister entity Mapletree Industrial Trust, or MIT. MIT said on Friday that it is deferring cash distributions to investors for at least two years because of stricter covenants by the...