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Because of the Fed comments on Fed rate, REITs and property stocks all up. Grow stocks as well.
mapletree log tr day
dn 138.2 125 hit 124 and uturn
wa up 61.8% 134 hit 132
dn 14.6% 131 hold best wa up continues
wb dn 61.8% 128
wc up 100% 138
dn 138.2 125 hit 124 and uturn
wa up 61.8% 134 hit 132
dn 14.6% 131 hold best wa up continues
wb dn 61.8% 128
wc up 100% 138
IMHO, its not only MLT, almost all of the reit counters are in the green because of Powell' s testimony at the Congress yesterday. However, not surprise profit taking will follow within a few days later.
Is there any reason MLT and MIT have rebounded so fast the last 2 days? I cannot find any news.
Luckily never listen to them. Anyway personally hardly ' listen' to all these brokerage talks. Have opted for DRIPs instead and on highsight, it is still not a good move but at least increase the holding without any fee. To the CGS CIMB analyst, I say now is the right time to consider adding lol.
PiRPiR ( Date: 26-Jan-2024 02:01) Posted:
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Heavy sell down from 1.32 to force a close at 1.3. MLT as well as MPACT are facing strong selling for months with high interest rates set to persist for longer term. Have not been adding for a while and have added in growth companies like YZHF and Olam instead as well as Boustead. Now monitoring this closely as personally if it drop below $1.3, I may have to add with 2 objectives, 1st- to reduce overall holding cost, 2nd- bottom fishing [may or may not be right but nonetheless, will reduce overall holding cost]. The move if pull off according to plan, would increase future dividends with overall capital gains as well. Amzaingly, the position still registered 17.36% overall gain with dividends included despite the onslaught on reits for 2 years now. However, have to admit it is nothing to shout about since the first purchase into MLT was way back in 2018. There again, I am the one who decide when is the finishing line so with the postion still in the green with reits under heavy assault, I can strategise and plan the move ahead and in this regard, I think it is time to standby to add.
The reason why MLT has low interest expense is because they borrowed a substantial amount in Japanese yen . So a keep a look out for Japan interest rate hike.
MLT agrees to divest Neythal Road property for $13.8 mil
The trustee of Mapletree Logistics Trust (MLT) has entered into a purchase agreement with an unrelated third party to divest MLT&rsquo s property at 119 Neythal Road for $13.8 million.
The news comes after the REIT manager announced, on June 12, that it has agreed to divest its stake in Mapletree Logistics Warehouse (Xian) for RMB70.5 million or $13.1 million.
The Neythal Road property comprises a five-storey cargo lift warehouse and a single-storey detached factory building. It has a total net lettable area (NLA) of around 11,188 sqm and a remaining land lease of 15 years.
According to MLT, the sale price is 34.0% above the property&rsquo s latest valuation of $10.3 million as at March 31.
JTC Corporation has granted its in-principle approval for the transaction should both parties comply with the stipulated conditions.
The proposed divestment is expected to be completed by 2QFY2024/2025 and is not expected to have a material impact on MLT&rsquo s net asset value (NAV) and net property income (NPI) for the FY2024/2025 ending March 31, 2025.
Following the divestment, MLT will have 185 properties within its portfolio.
Sell assets to make the DPU look good in the coming quarter.
Mapletree Logistics Trust to sell Xi&rsquo an subsidiary for 70.5 million yuan
The divestment is expected to be completed by the third quarter of FY2024/2025
MAPLETREE Logistics Trust : M44U 0% announced the divestment of its entire equity interest in its wholly foreign-owned enterprise, Mapletree Logistics Warehouse (Xian), for an estimated price of 70.5 million yuan (S$13.1 million).
In a bourse filing on Wednesday (Jun 12), the trust&rsquo s manager said that the foreign enterprise owns Mapletree Xi&rsquo an Logistics Park, comprising a single-storey warehouse with a four-storey office and a two-storey warehouse, in China&rsquo s south-central city, Xi&rsquo an.
The buyer is an unrelated third party, which the manager did not name.
The logistics park has a building age of nearly 20 years and a net lettable area of about 22,876 square metres (246,235 square feet).
The proposed sale price, subject to post-completion adjustments, is 0.7 per cent higher than the park&rsquo s valuation of 70 million yuan as at Mar 31, 2024 the sum factors in the intercompany loans granted to the Xi&rsquo an enterprise.
The divestment is expected to be completed by the third quarter of the 2024/2025 fiscal year.
The manager said that the divestment is not expected to have a material impact on Mapletree Logistics Trust&rsquo s net asset value and net property income for the fiscal year.
It noted that this divestment aligns with its strategy to refresh the trust&rsquo s portfolio through selective sales.
&ldquo Capital released from the divestment will provide the trust with greater financial flexibility to pursue investment opportunities in high-specification, modern logistics facilities with higher growth potential,&rdquo the manager added.
Following the divestment, the trust&rsquo s portfolio will consist of 186 properties.
Mapletree Logistics Trust manager&rsquo s head of investment becomes CEO in July
Ng Kiat will be transferred to Mapletree Investments, the Reit&rsquo s sponsor, to assume new responsibilities
THE head of investment of Mapletree Logistics Trust&rsquo s : M44U 0% (MLT) manager, Jean Kam Sok Kam, will replace Ng Kiat as the chief executive officer (CEO) and executive director of the real estate investment trust&rsquo s (Reit) manager from Jul 22, 2024.
In an announcement on Friday (May 24), the trust&rsquo s manager said that Ng, 55, will resign and be transferred to Mapletree Investments, the Reit&rsquo s sponsor, &ldquo to assume new responsibilities&rdquo . She has been CEO since July 2012.
On Kam&rsquo s appointment, the trust&rsquo s board said that it accepted the recommendation of the nominating and remuneration committee. The board took into consideration Kam&rsquo s work experience and qualifications, and was of the opinion that she is suitable for the roles of CEO and executive director.
In her current appointment, Kam, 50, is responsible for sourcing and evaluating acquisition opportunities for the Reit manager.
As the head of asset management from August 2018 to February 2021, she oversaw the operational and asset performance of MLT&rsquo s portfolio of properties across the eight geographic markets in Asia-Pacific. Prior to this period, Kam served as a general manager in MLT from June 2014 to July 2018.
Before she joined the manager in September 2007, Kam worked at JTC Corporation where she was involved in the development, marketing and lease management of JTC&rsquo s industrial facilities for a decade.
&ldquo These changes in key management personnel are part of succession planning for the manager, and would further enhance the depth of its management bench capabilities,&rdquo said the manager.
Mapletree Logistics Trust manager&rsquo s head of investment becomes CEO in July
Ng Kiat will be transferred to Mapletree Investments, the Reit&rsquo s sponsor, to assume new responsibilities
https://www.businesstimes.com.sg/companies-markets/mapletree-logistics-trust-managers-head-investment-becomes-ceo-july
https://www.theedgesingapore.com/news/reits/mapletree-logistics-trust-logged-highest-retail-net-inflows-among-s-reits-1q2024
11:44 PM EDT, 05/19/2024 (MT Newswires) -- Mapletree Logistics Trust's (SGX:M44U) manager, Mapletree Logistics Trust Management, said Mapletree Logistics Trust Management's wholly-owned indirect subsidiary, Symphony Warehouse, completed the sale of a property in Malaysia to a bankruptcy-remote special purpose vehicle, according to a Friday filing with the Singapore Exchange.
Symphony Warehouse sold the Mapletree Logistics Hub - Jubli Shah Alam in Selangor to Semangkuk for 558.8 million Malaysian ringgit, the filing said.
The real estate investment trust has issued 300 million ringgit of new unrated senior take-out medium-term notes due 2031 to 2033 in connection with the sale.
Mapletree Logistics Trust's shares fell nearly 2% in recent Monday trading.
Symphony Warehouse sold the Mapletree Logistics Hub - Jubli Shah Alam in Selangor to Semangkuk for 558.8 million Malaysian ringgit, the filing said.
The real estate investment trust has issued 300 million ringgit of new unrated senior take-out medium-term notes due 2031 to 2033 in connection with the sale.
Mapletree Logistics Trust's shares fell nearly 2% in recent Monday trading.
01:00 AM EDT, 05/16/2024 (MT Newswires) -- Mapletree Logistics Trust (SGX:M44U) issued a total of 7,490,536 units at an issue price of SG$1.4475 each as payment of a part of the base fee in respect of certain properties, according to a filing with the Singapore Exchange on Wednesday.
6,518,649 units were allocated as part of the base fee for the term during the period from Jan. 1 to March 31. Whereas, 970,887 units were allocated as part of the property management fee and the lease management fee during the period from Jan. 1 to March 31.
The manager and property manager nominated Mulberry to receive these units.
Shares of the trust were up nearly 5% in recent trading.
Price (SGD): S$1.37, Change: S$+0.06, Percent Change: +4.58%
6,518,649 units were allocated as part of the base fee for the term during the period from Jan. 1 to March 31. Whereas, 970,887 units were allocated as part of the property management fee and the lease management fee during the period from Jan. 1 to March 31.
The manager and property manager nominated Mulberry to receive these units.
Shares of the trust were up nearly 5% in recent trading.
Price (SGD): S$1.37, Change: S$+0.06, Percent Change: +4.58%
Still bullish despite the MSCI drop.
No contra no short.
No contra no short.
MrBear12 ( Date: 12-May-2024 12:44) Posted:
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Mapletree Logistics is set to exit MSCI Singapore Index effective 31 May &rsquo 24.
Not too bad as MLT, along with CDL , Mapletree Pac Asia, Seatrium would be include in MSCI S&lsquo pore Small Cap Index.
Various news articles only told us part of the story. 2nd part that they would be added to small cap not reported. Omission to mislead ?
So yty Knee Jerk reaction, today recovered.
Huat Huat to those who didn&rsquo t sell yty !
Not too bad as MLT, along with CDL , Mapletree Pac Asia, Seatrium would be include in MSCI S&lsquo pore Small Cap Index.
Various news articles only told us part of the story. 2nd part that they would be added to small cap not reported. Omission to mislead ?
So yty Knee Jerk reaction, today recovered.
Huat Huat to those who didn&rsquo t sell yty !
Shareprice drop so much! today. Any news why?
02:53 AM EDT, 05/13/2024 (MT Newswires) -- Mapletree Logistics Trust (SGX:M44U) entered into a purchase agreement with an unrelated third party for the proposed sale of a property in Singapore for SG$10.5 million, a filing with the Singapore Exchange said on Friday.
JTC Corporation has granted in-principal approval for the transaction for the 30 Tuas South Avenue 8 property, a warehouse with an approximate net lettable area of 5,233 square meters.
The divestment is in line with Mapletree?s efforts to update its portfolio through selective divestments.
Following the divestment, Mapletree?s portfolio will consist of 187 properties.
Price (SGD): S$1.36, Change: S$-0.01, Percent Change: -0.73%
JTC Corporation has granted in-principal approval for the transaction for the 30 Tuas South Avenue 8 property, a warehouse with an approximate net lettable area of 5,233 square meters.
The divestment is in line with Mapletree?s efforts to update its portfolio through selective divestments.
Following the divestment, Mapletree?s portfolio will consist of 187 properties.
Price (SGD): S$1.36, Change: S$-0.01, Percent Change: -0.73%
Bullish on this reit