Divestment bodes well for Mapletree Logistics Trust, but positives likely priced in: OCBC
Michelle Zhu • • 2 min read
SINGAPORE (July 11): OCBC continues to rate Mapletree Logistics Trust at “hold”, raising its fair value estimate on the counter to $1.15 from $1.14 given its stronger balance sheet and improved outlook of Singapore's REIT sector.
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SINGAPORE (July 11): OCBC continues to rate Mapletree Logistics Trust at “hold”, raising its fair value estimate on the counter to $1.15 from $1.14 given its stronger balance sheet and improved outlook of Singapore's REIT sector.
This comes after the trust’s recent announcement of its intention to divest two of its freehold properties in Japan, Zama Centre and Shiroishi Centre for a consideration of $165.4 million.
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