Mapletree Industrial Trust (MIT) held their AGM on 19 July 2022 at 2.30pm and it ended around 4pm. Shareholders questions were answered before the actual AGM. You can view MIT responses here. For the AGM slide, you can view them here. During the AGM, they highlight their achievement for 2021 (Above) and ESG (Below). CFO Lily Ler had spent a few minutes on this slide to explain about how the increase in interest rate will affect MIT. If interest rate increase by 50bps, there will be a decrease of 0.13cents DPU per annual. At this moment, MIT had a hedge ratio of 70.5%. CFO also share why MIT did not go into 100% hedge. 1) No room to maneuver when MIT have the opportunity for lower rate. Eg: Divestment cash proceed can be use to pay down the loans. 2) Hedging come with a cost and at this moment, it is at its highest which will affect DPU...