Mapletree Ind Trust sees stress in business park segment

Singapore

MAPLETREE Industrial Trust's flatted factories and business parks may be facing some stress as their occupancy levels dipped in its second fiscal quarter.

This is in line with the softening industrial market, evident from the smaller headroom the Reit has to move its rents up, Tham Kuo Wei, CEO of the Reit manager said at the Q2 earnings briefing on Tuesday.

"We see a closer gap between our rents and the market rents," he said.

"For our flatted factories...we still have headroom between our rents and market rents, so we won't see that kind of dip in our numbers; it's just the headroom being much small...The segment we think…