Mapletree Logistics Trust posts Q2 DPU up 5.7% to S$0.02173; manager eyes 'substantial' acquisitions
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THE manager of Mapletree Logistics Trust (MLT) M44U on Monday said total acquisition value for the FY21/22 ended March 2022 is expected to be "substantial" as the real estate investment trust (Reit) seeks to continue to fuel its growth.
"Last year, we did acquisitions of about S$1.6 billion. This year, hopefully, we can still do something around that range," said Ng Kiat, chief executive officer of the manager, at a briefing following the release of its Q2 results after market close on Monday.
Apart from assets in China, Vietnam and Malaysia from its sponsor's pipeline, Ng said the Reit is also looking to acquire properties in Japan, Australia and Korea.
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