Mapletree Logistics Trust unit price in suspense
It’s the time when companies report their financial results again! On 25 July 2023, Mapletree Logistics Trust announced its first quarter financial result ended 30 June 2023. How will Mapletree Logistics Trust unit price unravel from here? As at 28 July 2023, Mapletree Logistics Trust unit price was trading at $1.73.
For background, Mapletree Logistics Trust is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 30 June 2023, it has a portfolio of 193 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.5 billion.
Looking back, the past two years had been nothing short of turbulent for Mapletree Logistics Trust unit price. The mega $700 million equity fund raising in November 2021 had knocked the wind out of Mapletree Logistics Trust unit price. Subsequently, the consecutive 10 interest rate hikes by US Federal Reserve sent the counter to a low of $1.43 in October 2022. Somehow, the S-REIT managed to recover its form since October 2022 and is trading at $1.72 at the point of writing.
I bought 16,000 shares when Mapletree Logistics Trust unit price was trading at $1.96 in November 2021.
Read More