SGX:ME8U

3 stories mentioning SGX:ME8U

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

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

Asia47d ago

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

Asia47d ago

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