Homepage
PR Newswire
15-10-2010, 11:12 AM
Mapletree Industrial Trust ("MIT") is a Singapore-focused real estate investment trust ("REIT") that invests in a diversified portfolio of income-producing real estate used primarily for industrial purposes, whether wholly or partially, as well as real estate-related assets.
MIT's initial portfolio (the "IPO Portfolio") of 70 properties (the "Properties"), valued at S$2.1 billion as at 31 August 2010, includes business park buildings, flatted factories, stack-up/ramp-up buildings and light industrial buildings.
With 7.6% forecast yield and 8.0% projected yield, expiring rental caps and existing rent below market rent, this counter seems not bad. Any other views? What is the industrial rent trend in Singapore in next 5 years ? What is the debt level of this counter after IPO ? Is Singapore's industrial property sector really resilient ?
Thanks.
MIT's initial portfolio (the "IPO Portfolio") of 70 properties (the "Properties"), valued at S$2.1 billion as at 31 August 2010, includes business park buildings, flatted factories, stack-up/ramp-up buildings and light industrial buildings.
With 7.6% forecast yield and 8.0% projected yield, expiring rental caps and existing rent below market rent, this counter seems not bad. Any other views? What is the industrial rent trend in Singapore in next 5 years ? What is the debt level of this counter after IPO ? Is Singapore's industrial property sector really resilient ?
Thanks.
Specuvestor: Asset - Business - Structure.