Mapletree Logistics Trust asset in Japan. (Mapletree Logistics Trust)Mapletree Logistics Trust asset in Japan. (Mapletree Logistics Trust)

Another major ratings agency has come forward to opine that Mapletree Logistics Trust’s (MLT’s) credit metrics will not be impacted by its recent acquisition spree.

Related: Mapletree Logistics Trust’s debt metrics unscathed by 17-asset acquisition

The REIT announced in November that it is acquiring 17 logistics assets across China, Vietnam and Japan for approximately SGD1.5 billion.

The acquisitions consist of one asset in Japan from a third-party vendor, and 13 properties in China and three in Vietnam from the REIT’s sponsor, Mapletree Investments.


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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.