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

Singapore-listed REIT Mapletree Logistics Trust (MLT) will not be redeeming the perpetual securities that will meet its first reset date this March 2023.

This decision to skip the redemption opportunity was arrived at after considering the prevailing economic conditions and interest rate environment, the REIT added.

MLT is a Singapore-heavy REIT but it has a portfolio of mostly warehouses and other logistics assets across several Asia-Pacific countries.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.