Mapletree Industrial Trust Review @ 5 November 2023
By REIT-TIREMENT  •  November 5, 2023
Basic Profile & Key Statistics
Main Sector(s): IndustrialCountry(s) with Assets: Singapore, United States, Canada & JapanNo. of Properties (exclude associate/fund): 142

Key Indicators

Performance Highlight
Gross revenue and NPI declined slightly YoY and the borrowing costs have increased YoY. However, the amount available for distribution and distribution to unitholders increased YoY due to a combination of higher distribution from joint venture and higher distribution from divestment proceeds, which include the distribution of compensation received for the compulsory acquisition of part of the land at 2 and 4 Loyang Lane in 2022 and the distribution of divestment gains from 65 Tech Park Crescent that was divested in 2017. However, DPU has declined YoY due to an enlarged unitholders base.

Rental Reversion
Positive rental reversion was achieved across all types of buildings with the weighted average rental reversion at 8.8%.

The acquisition of a data centre in Osaka has been completed on 28 September.
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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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