Upon the acquisition of a remaining stake in 14 US data centres it currently co-owns, Mapletree Industrial Trust’s (MIT’s) aggregate leverage is projected to increase from 37.6% to 38.7%.
This is despite the acquisition being funded fully with proceeds from an equity fundraising exercise that was announced by the REIT on 23 June.
Related: Mapletree Industrial Trust prices placement for data centres acquisition at top-end of range
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