I’ve been getting quite a few questions on Mapletree Industrial Trust recently. A data centre REIT, sponsored by Mapletree, with a 6.3% dividend yield – what’s not to like right? I myself hold a position in Mapletree Industrial Trust, and it used to be one of my favourite REITs. Since their pivot into data centres though, my interest in this REIT has cooled quite significantly. So today I wanted to take an updated look at Mapletree Industrial Trust – to decide whether I should buy more, or sell my position in this REIT.

Mapletree Industrial Trust Property Portfolio

I’ve extracted Mapletree Industrial Trust’s asset breakdown below. It’s about 56% data centres, and 44% Singapore industrial properties:            Of the Data Centres, the bulk of them (47% of the entire REIT) is in North America: The rest is Singapore industrial...