Shares & Derivatives
Mapletree Industrial Trust Review @ 11 May 2022
By REIT-TIREMENT  •  May 11, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Industrial & Office
  • Country(s) with Assets: Singapore, United States & Canada
  • of Properties (exclude development/associate/fund): 143
Performance Highlight Gross revenue, NPI, distributable income, and DPU increased yoy mainly due to contributions from the 29 data centres acquired in Jul 2021 and the data centre in Virginia acquired in Mar 2021. Rental Reversion The rental rate for renewal leases is more or less the same as before renewal for all types of buildings. Whereas for new leases, the rental rate is similar to passing rent for business parks and ramp-up buildings, slightly lower for flatted factories but significantly lower for hi-tech buildings. Development The redevelopment of Kolam Ayer 2 is expecte1d to be completed in phases where 163 & 165 Kallang Way in 2H2022 and 161 Kallang Way in 1H2023. Divestment MIT completed the divestment of 19 Changi South Street 1 in April, which contributed to 0.07% of gross revenue....
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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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