Mapletree Ind Trust sees stress in business park segment
The Reit posts a 5.3% increase in Q2 distribution per unit to 2.6 cents
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
AI boom set to fuel data centre deals in Asia this year
Tesla sends top executive back to China as sales slump worsens
As money pours into private credit funds, will there be enough borrower demand?
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Tycoon Richard Li said to near fibre sale to China Merchants