Shares & Derivatives
Mapletree Industrial Trust’s 2Q FY24/25 Result Review
By REIT-TIREMENT  •  November 10, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue, NPI, distribution to unitholders, and DPU have improved YoY mainly due to contributions from the Osaka Data Centre acquired in September 2023 and better performance across the portfolio. Distribution declared by joint venture has declined significantly YoY due to higher borrowing costs. All in all, the amount available for distribution and DPU have improved slightly YoY amid the similar distribution from divestment gain. Rental Reversion The weighted average rental reversion is at 10.7%. Acquisition On 29 October, MIT completed the acquisition of a second property in Japan. Asset Enhancement Initiative Year to date, solar panels have been installed across Kallang Basin 4, Kampong Ampat, Toa Payoh North 1, Kaki Bukit, Redhill 1 and Redhill 2 property clusters. Related Parties Shareholding REIT Sponsor's Shareholding: ModerateREIT Manager's Shareholding: ModerateDirectors of REIT Manager's Shareholding: Favorable Lease Profile Occupancy: ModerateWALE: Less ModerateHighest Lease Expiry in 4 Years: ModerateWeighted Average Land Lease Expiry: Less...
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By REIT-TIREMENT
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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