Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 187 properties across eight countries. Its assets under management (AUM) stood at S$13.2 billion as of 31 March 2024. The manager of MLT has been active in capital recycling which includes choice acquisitions and divestments. Back in May, the REIT sold off 30 Tuas South Avenue 8 to a third-party buyer for S$10.5 million....The REIT sector has been burdened by high interest rates and surging inflation over the past two years.
Despite these headwinds, several REITs have undertaken capital recycling initiatives to rejuvenate their portfolios.
Such initiatives involve the sale of older, underperforming assets and the acquisition of newer, higher-yielding ones.
By doing so, REITs can mitigate these headwinds and ensure that their portfolio of properties remains in high demand.
Here are three Singapore REITs that announced divestments in recent weeks that income investors may wish to take note of.
