Mapletree Logistics Trust property in Japan, Moriya Centre.Mapletree Logistics Trust property in Japan, Moriya Centre. (Photo: Mapletree Logistics Trust)

Singapore-listed industrial REIT, Mapletree Logistics Trust (SGX:M44U), will issue 2,017,772 new units at an issue price of SGD1.1166 per unit.

The units are issued pursuant to the REIT’s distribution reinvestment plan (DRP) for the three months ended 30 June 2015 (1Q FY15/16) on 28 August 2015.

The new units will be credited by 28 August 2015 to securities accounts of the REIT’s unitholders who have elected to participate in the DRP. The new units will commence trading on the SGX at 9.00 a.m. on the same day.

Following the issuance, the total number of units in Mapletree Logistics Trust has increased from 2,476,371,301 to 2,478,389,073. Units of the REIT are currently listed on the Singapore Exchange at SGD0.99.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.