Build-to-suit development for HP Singapore at 1 and 1A Depot Close
Mapletree Industrial Trust (SGX:ME8U) has always been in my watchlist to grow my SGX income portfolio, as well as A Reit that I do not dare to sell again. This is a multi-bagger Reit since IPO in Oct 2010 due to its ever-growing earnings and dividends per share from yield-accretive acquisitions of income producing assets over the past decade.
Thanks to noises and looming news of interest rate hikes, opportunity arises as the share price of MIT tanked below the preferential offering price of $2.64 in Jun 2021
As at time of writing, its share price is at its 100 day moving average of $2.33, below its 20 day and 50 day moving averages at $2.35 and $2.34 respectively.
I believe now is a great moment to increase investment in such a high quality income-producing industrial Reit for the long-term. The interest rate is almost pivoted and once...