Mapletree Industrial Trust (SGX: ME8U) created history this week.
On Monday, Mapletree Industrial Trust became part of the Straits Times Index, booting out media giant, Singapore Press Holdings (SGX: T39).
And on Tuesday, the industrial real estate investment trust (REIT) announced its decision to acquire the remaining 60% interest in 14 data centres in the US.
If you are thinking of investing in Mapletree Industrial Trust now that it’s part of the “big boys league” and is officially a blue-chip stock, here’s a quick guide for you on the REIT.
Previously, in our 60-second guide series, we featured Oversea-Chinese Banking Corp Limited (SGX: O39), one of Singapore’s major banks.
What’s Mapletree Industrial Trust’s Business About?
Mapletree Industrial Trust, which was listed in 2010, owns a total of 114 industrial properties and data centres in Singapore and the US.
On 23 June 2020, Mapletree Industrial Trust said that it’s