Mapletree Industrial Trust (MIT) (SGX: ME8U) as its name suggests is a real estate investment trust (REIT) which invests in industrial real estate. Currently, it has 85 properties across five property types namely Flatted Factories, Hi-Tech Buildings, Business Parks, Stack –up/Ramp up buildings and Light industrial buildings. MLT’s portfolio is collectively valued at around S$3.7 billion (as of 31 March 2017). Mapletree Industrial Trust is a REIT currently listed on the Singapore Stock Exchange.
With that, here are 7 things you need to know about Mapletree Industrial Trust.
TICKER SYMBOL: SGX: ME8U
MARKET CAP: SGD 3.33 Billion
INDUSTRY: Real Estate Investment Trust
In the slide below, it gives a quick overview of MIT:
Source: Mapletree Industrial Trust’s investor presentation (May 2017)
The REIT’s sponsor, Mapletree Investments Pte Ltd is a major owner with a stake of 34.2%. Mapletree Investments is a state-owned company and …