MAPLETREE Logistics Trust yesterday announced a higher distributable income of $22.6 million, or 2.04 cents a share, for the quarter ended June 30, due to additional income from the 18 properties acquired in the past year. The distribution per unit is 28.3-per-cent higher than 1.59 cents a year earlier. Mr Chua Tiow Chye, chief executive officer of Mapletree Logistics Trust Management, said: “We...
Mapletree Logistics Trust
Mapletree Investments on Friday said that it has started the construction of a 10-hectare logistics park in Malaysia. The Shah Alam Logistics Park is expected to be completed early next year and be mostly pre-leased to logistics operators. It will have 60,000 square metres of gross floor area in three single-storey warehouses with mezzanine offices. When completed, the project is estimated to have a...
Mapletree Logistics Trust is planning to raise nearly S$607 million through a renounceable rights issue. It is issuing about 831 million rights units at 73 Singapore cents each, representing a 21.4 per cent discount to MapletreeLog's volume weighted average price on June 24. Unit holders will get three rights units for every four units held. The net proceeds will be used to finance or refinance the...
Mapletree Logistics Trust has booked a distributable income of S$21 million for the first quarter, up 37 percent compared to a year ago. Mapletree Logistics will distribute 1.90 Singapore cents per unit for the first quarter, up from 1.48 Singapore cents a year earlier. Net property income rose 45 percent on-year to S$37.4 million, while gross revenue shot up by 48 percent on-year to S$42.6...
Companies wary of acquisitions amid market uncertainty EVEN as property prices come off their peaks, sector participants are keeping cautious, with Macquarie MEAG Prime Reit’s manager becoming the latest to say it will hold off making acquisitions for now. The uncertain mood brought on by turbulence and volatility in financial markets is curbing enthusiasm for property around the world. “We have...
Mapletree Logistics Trust has booked a 78% increase in distributable income for the year ended in December. Dictributable income came in at S$71.8 millions, beating its own forecast. Mapletree said distribution per unit for the whole year amounted to 6.57 cents, up 30% on year. Mapletree's portfolio is branching out to 75 properties across five countries. - CNA /ls Source : Channel NewsAsia - 23 Jan...