Mapletree Logistics Trust (MLT)

Insider moves

DBS acquires 1.56 mil units in MLT for $2.35 mil

The units were bought via the market on Feb 1.

Company in the news

Mapletree Logistics Trust proposes divestment of Tuas property for $16.8 mil

The manager says the proposed divestment is in line with its strategy to rejuvenate MLT’s portfolio through selective divestments.
Analysts mixed on Mapletree Logistics Trust on near term headwinds and easing occupancy - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on Mapletree Logistics Trust on near-term headwinds and easing occupancy

China’s leasing environment will remain challenging, with negative reversions expected to persist over the next few quarters.

Results

MLT posts 1.2% gain in 3QFY2024 DPU to 2.253 cents

MLT posts positive results for 1QFY2024, but remains cautious on strong headwinds and a challenging leasing environment.

REITs

MLT to acquire modern Grade A warehouse in Delhi, India, for $14.5 mil

The proposed acquisition will be fully funded by debt. It is expected to be completed by 4QFY2023/2024.
Temasek’s Fullerton disposes of 82,200 units in MLT at $1.5753 each - THE EDGE SINGAPORE

Insider moves

Temasek’s Fullerton disposes of 82,200 units in MLT at $1.5753 each

Following the disposal, Fullerton’s stake in MLT now stands at 0.359%.
Mapletree Logistics Trust announces proposed divestments amounting to $54.9 mil to  - THE EDGE SINGAPORE

REITs

Mapletree Logistics Trust announces proposed divestments amounting to $54.9 mil

The proposed divestments include a Tuas warehouse in Singapore and two industrial buildings in Johor, Malaysia.

Insider moves

DBS Bank acquires 750,000 units in MLT for $1.51 apiece

Following the acquisition, DBS’s stake in MLT rose to 0.8596%.
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