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SGX:ME8U

6 stories mentioning SGX:ME8UUpdated 7d ago

Every FINWIRES story that references SGX:ME8U, newest first.

Asia

Mapletree Industrial Trust's DPU Declines 5% in Fiscal Q1

Mapletree Industrial Trust's (SGX:ME8U) distribution per unit, or DPU, fell 4.9% in the fiscal first quarter ended June 30 to SG$0.0311 from SG$0.0327 a year earlier, according to a Thursday filing with the Singapore Exchange.The company's shares were up nearly 1% in Friday's trade.Distribution to shareholders was down 4.8% to SG$88.8 million from SG$93.3 million a year ago.Net property income fell 8.5% to SG$122.3 million from SG$133.6 million in the year-ago period.Gross revenue in fiscal Q1 dropped 7.7% year over year to SG$162.3 million from SG$175.9 million.

SGX:ME8U
Asia

Mapletree Industrial Trust Secures Tax Ruling for SG$300 Million Bonds

Mapletree Industrial Trust (SGX:ME8U) obtained an advance tax ruling from the Inland Revenue Authority of Singapore for its SG$300 million worth of 3.25% fixed rate perpetual bonds, according to a Friday filing with the Singapore Exchange.The bonds have been qualified as debt securities under the income tax act and distributions, including optional distributions, will be treated as interest payable on indebtedness.

SGX:ME8U
Asia

Mapletree Industrial Trust Completes Divestment of US Property

Mapletree Industrial Trust (SGX:ME8U) completed the divestment of 2000 Kubach Road, in Pennsylvania, US, according to a Tuesday filing with the Singapore Exchange.Earlier, the trust had agreed to divest the freehold data center facility for $14.5 million.Following the completion of the divestment, the trust portfolio now comprises 54 properties across North America, 79 properties in Singapore and two properties in Japan.

SGX:ME8U
Asia

Mapletree Industrial Trust Sells US Data Center for US$14.5 Million

Mapletree Industrial Trust (SGX:ME8U) signed an agreement to divest a freehold data center facility in Philadelphia, US for US$14.5 million, according to a Monday filing with the Singapore Exchange.The sale price is a 4.3% premium above the property's independent valuation of US$13.9 million, with net proceeds to be used to pare down debts and to fund working capital needs.The two-story property has a total net lettable area of 124,190 square feet.The proposed divestment is expected to conclude during the third quarter of the year.

SGX:ME8U
Asia

Singapore Shares Remain in Red as City-State Battles Global Energy Security Issues

Singapore shares remained in the red zone on Wednesday, with Singaporean investors assessing the true impact of the US-Iran war on the global energy security nexus.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,853.78 and 4,887.99 throughout the day. It ended the session at 4,860.97, down 26.72 points or 0.6% compared to Tuesday's close.On the corporate front, shares of Pacific Radiance (SGX:RXS) were up over 5% at the close as it secured projects worth about SG$11 million.Mapletree Industrial Trust (SGX:ME8U) closed over 4% lower as its distribution per unit or DPU fell 8% during the fiscal fourth quarter ended March 31 to SG$0.0309 from SG$0.0336 a year earlier.Meanwhile, shares of Hong Leong Asia (SGX:H22) were down nearly 4% at the close even though it signed a placement agreement with CGS International Securities Singapore to procure subscriptions for 50 million new shares at SG$2.9 per share to raise SG$145 million.

^STISGX:H22SGX:ME8USGX:RXS
Asia

Mapletree Industrial Trust's DPU Down 8% in Fiscal Q4; Shares Down 4%

Mapletree Industrial Trust's (SGX:ME8U) distribution per unit or DPU fell 8% during the fiscal fourth quarter ended March 31 to SG$0.0309 from SG$0.0336 a year earlier, according to a Tuesday filing with the Singapore Exchange.Shares of the trust were down over 4% in Wednesday trading.Distribution to shareholders was down 7.9% to SG$88.2 million from SG$95.8 million.Net property income fell 8.6% to SG$119.9 million from SG$131.2 million in the year-ago period.Gross revenue dropped 7.9% year over year to SG$163.8 million from SG$177.8 million.Meanwhile, average overall portfolio occupancy declined to 91.2% from 91.4% in the prior period.

SGX:ME8U

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