A month ago, it seemed like Singapore’s fight against COVID-19 was finally about to end.
Back in June, a slew of restrictions was lifted as infection counts were brought under control amid an acceleration in vaccinations.
Unfortunately, an explosion in COVID-19 clusters has once again forced the Singapore government to tighten restrictions.
Thankfully, our investments don’t necessarily have to endure the same volatile ride.
I’m referring to industrial REITs that displayed tremendous resilience throughout the pandemic.
One of them, Mapletree Logistics Trust (SGX: M44U), or MLT, has just released its results for its fiscal 2020 first quarter (1Q2022) ended 30 June 2021.
Here are four key points investors should take note of.
Portfolio resilience
As expected, MLT’s well-diversified portfolio of 163 industrial properties continued to display resilience, aided by sustained demand for warehouse space.
MLT reported an overall portfolio occupancy of 97.8% as of 30 June, a slight improvement from 97.5% three months prior....
