Unit pricer of Mapletree Industrial Trust (MIT) rose towards an upper-end estimate of its theoretical ex-rights price (TERP) at the close of trading on 21 May, on revelations that its private placement and preferential offering exercises have been priced at the top ends of their respective indicative ranges.

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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.