In December 2016, I bought units of Mapletree Logistics Trust (MLT) and have treated them as my own ‘Christmas Present’. At that time, MLT was trading at S$ 1.00 an unit, a 20% fall from S$ 1.24 an unit in April 2015.
Source: Google Finance
I remembered, prior to my purchase, I did my due diligence on MLT and found myself clueless as to why its stock price fell 20% in 20 months when it is a REIT that delivers consistent growth in sales, profits, and distribution per unit (DPU) since its listing and fortunately, until today as I am writing presently. From the graph above, I had achieved a capital gain of 21% since December 2016. Not a bad Christmas Present, if you asked me.
Like always, I would always look forward to MLT’s quarterly announcements as I want to be updated with the status of its …