The manager of Mapletree Industrial Trust (MINT) says it has divested its data centre at 19675 West Ten Mile Road, Southfield, Michigan for US$10.0 million ($13.8 million).On June 10, the manager announced that the REIT trustee had entered into a sale and purchase agreement with an unnamed third-par...

THE following companies saw new developments that may affect trading of their securities on Friday (Jun 10):

MAPLETREE Industrial Trust (MIT) has divested a data centre property in Michigan, United States for a proposed sale price of US$10 million, its manager said in a bourse filing on Friday (Jun 10).

REITs’ unit prices are affected by a myriad of factors. For investors and market watchers who wonder why REITs’ price to net asset value ratios (P/NAV) vary between more than 2x for ParkwayLife REIT (PLife REIT) to 0.53x for Lippo Mall Indonesia REIT (LMIRT) and BHG Retail REIT, look no further ...

As the US Federal Reserve expects a total of seven interest rate hikes in 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong see a “base building month ahead” with June marking a peak in rate hike worries.The brokerage’s rates strategist is also estimating inflation ...

On May 23, unitholders of Mapletree Commercial Trust (MCT) voted overwhelmingly in an extraordinary resolution to change its fee structure to that of Mapletree North Asia Commercial Trust (MNACT), which MCT is acquiring. MCT’s current fee structure constitutes a base fee of 0.25% per annum of the ...

Singapore REITs (SREITs) are seen as a safe haven when the yield curve flattens in a rising interest rate environment. Even amid market volatility, “the stars are aligned” for hospitality and office sectors, say DBS Group Research analysts Rachel Tan and Dale Lai.“While the SREITs are not spar...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

Analysts positive on MINT after better 1Q results, but DBS lowers TPAnalysts from Citibank and DBS Group Research have maintained their buy calls on Mapletree Industrial Trust (MINT) after the REIT reported a 10% y-o-y increase in its distribution per unit (DPU) of 13.8 cents for the FY2022 ended Ma...

DBS has lowered its target price on Mapletree Industrial Trust (MIT) to S$3.05 from S$3.35 after cutting its earnings estimates on higher cost assumptions. It maintains a “buy” call on the real estate investment trust (Reit).