I have just went to the ATM to subscribe for 3,000 shares (inclusive of excess) of Mapletree Industrial Trust’s Preferential offering.

As shared previously, the strategic and shrewd move by Mapletree Industrial Trust to acquire 29 data centers situated across 18 states in US on freehold land and riding on the waves of cloud computing, e-commerce, e-payments, big data analytics, online gaming, video streaming, social networking, the rollout of 5G networks, proliferation of Internet of Things, autonomous vehicles and artificial intelligence will be funded through private placements to institutional investors and preferential offering to existing shareholders.

I am happy to seize the opportunity to increase my investment exposure to data center property assets, with long WALE, and under a well managed Reit with ever-growing DPU. Assuming a 12 cents DPU, based on PO price of $2.64 per share, the yield is 4.9% which is relatively attractive in such low yield environment.