180 Peachtree, Atlanta, a property of Mapletree Industrial Trust. (Photo: Mapletree Industrial Trust)

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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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.