- REIT sponsor's shareholding is moderate at 24.316%
- REIT manager's shareholding is moderate at 0.751%
- Directors of REIT manager's shareholding is moderate at 0.144%
Mapletree Industrial Trust (MIT) invests in Business Park and Industrial properties, including Data Centers. MIT owns 143properties across Singapore, U.S. and Canada.
Performance Highlight
Gross revenue, NPI, distributable income and DPU increased YoY due to contributions from the 29 data centres that were acquired in Jul 2021 as well as contributions from the remaining 60% interest of 14 data centres that were acquired in Sep 2020.
Rental reversion for hi-tech buildings, flatted factories and stack-up buildings are slight negative. However, for new leases, the hi-tech buildings provided a lot higher rate than existing ones; while the rate is similar for flatted factories and lower for stack-up buildings.
The acquisition of 29 data centres in U.S. is completed on 22 Jul 2021.
The developments of 161, 163 & 165 Kallang Way are ongoing with no changes in completion dates.
Related Parties Shareholding
