Shares & Derivatives
Mapletree Industrial Trust @ 1 November 2020
By REIT-TIREMENT  •  November 1, 2020
Basic Profile & Key Statistics Mapletree Industrial Trust (MIT) invests in Business Park and Industrial properties, which include Data Centres as well. MIT owns 111 properties across Singapore, U.S. and Canada. Quarter Performance Review Gross revenue and NPI increased by 1.5% and 2% respectively. Share of joint ventures' results figure is less useful. A better way would be looking at distributions from the joint venture in cash flows statement, 2Q FY20/21 at S$ 11.899 million; 2Q FY19/20 at S$ 3.733 million, increased by 318.8%. DPU dropped marginally by 1%. Hi-Tech buildings (include data centres) and business parks have increased rental for new leases. Business parks have positive rental reversions. While flatted factories and ramp-up buildings have a lower rental for new leases and renewal leases. MIT has completed the acquisition of the remaining 60% interest in 14 data centres in the United States on 1 Sep 2020 which was funded through private placement...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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