Amid the onset of pandemic, many S-REITs have been adversely impacted due to the lockdowns in global cities and travel restrictions. Among the badly hit sectors are those S-REITs with core businesses in shopping malls and hospitality. Mapletree Logistics Trust (M44U) is one of the few S-REITs that bucked the trend.
Since the onset of COVID-19, Mapletree Logistics Trust (M44U) went on a crazy acquisition spree. Within the span of a year, the portfolio increased from 145 to 163 properties comprising 52 properties in Singapore, 9 in Hong Kong SAR, 18 in Japan, 30 in China, 12 in Australia, 15 in Malaysia, 18 in South Korea, 7 in Vietnam and 2 in India. The total value of assets under management is approximately $10.6 billion....