Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)

Singapore-listed retail and office REIT, Mapletree Commercial Trust, announced on 17 May that it has issued 1,732,845 new units in the REIT at an issue price of SGD1.4155 per unit.

The units were issued to the REIT’s manager as partial payment of management and performance fees for the period of 1 January 2016 to 31 March 2016.

With the issue of these units, the REIT’s manager, Mapletree Commercial Trust Management Limited, now holds 37,106,283 units of the REIT.

The total number Mapletree Commercial Trust units in issue is now 2,131,735,739.

Units of Mapletree Commercial Trust finished about 1.4% lower from its previous close on the Singapore Exchange to end at SGD1.43.

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.