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Published Tue, Oct 9, 2018 · 09:50 PM

Mapletree Logistics Trust | Buy Oct 9 close: S$1.22 Target price: S$1.37 OCBC Investment Research, Oct 9

HAVING proposed to acquire a portfolio of five modern ramp-up logistics properties in Singapore from CWT Pte Ltd in early July, Mapletree Logistics Trust (MLT) has now completed the acquisition on Sept 28 following the relevant approvals and a successful private placement exercise.

The acquisition of this portfolio is expected to contribute an initial net property income yield of 6.2 per cent. CWT will become MLT's top tenant, providing about 9.5 per cent of its gross revenue…

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