*Official* MasterLeong Thread

Status
Not open for further replies.
MasterLeong

MasterLeong

Banned
Joined
Nov 27, 2016
Messages
5,754
Reaction score
0
lewissac said:
My gut feeling tells me ST and SH is dropping significantly today and maybe tomorrow as well.
Click to expand...

pre market prices out liao

most counters on my list looking red

guess its shopping time hahaha


heng I got sell SCI and FCL to rebalance a bit, now can use the cash hoot some MCT
 
L

lewissac

Senior Member
Joined
Feb 1, 2008
Messages
1,791
Reaction score
0
MasterLeong said:
Mapletree Logistics Trust to acquire 4 properties in Australia for $152 mil
By Jude Chan / theedgemarkets.com.sg | December 15, 2016 : 8:05 AM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language*▼
SINGAPORE (Dec 15): Mapletree Logistics Trust is set to expand further in Australia, with the proposed acquisition of a portfolio of four logistics properties in Victoria for a total of A$142.2 million ($151.9 million).

Mapletree Logistics Trust Management, the Manager of MLT, announced on Thursday that the four properties will be acquired from Growthpoint Properties Australia.

They have a total gross floor area of 103,517 sq m on a combined land area of 362,230 sq m, and are currently 100% leased to leading Australian and multinational corporations.

Three of the four properties are sited in the prime logistics hub of western Melbourne, while the fourth is located in the regional city of Wodonga.

“With this acquisition, MLT will now own and manage a total of nine properties in Australia,” says CEO of the Manager, Ng Kiat.

“Besides providing a stable and growing income stream with a WALE of 6.4 years, this acquisition will also add four new quality tenants to our portfolio – Woolworths, Scott’s Refrigerated Freightways, Fuji Xerox and Bridgestone,” she adds.

The Manager says the proposed acquisition will enhance the geographical and income diversification of the MLT portfolio, and provide stable income stream with organic growth.

Following this acquisition, Australia will account for approximately 9.0% of MLT’s overall gross revenue, up from 6.1% currently.

“At the initial NPI yield of 7.6%, the acquisition will be accretive to MLT’s distribution,” Ng says.

Expected to be completed “within the next few days,” the acquisition will be funded via a combination of the remaining proceeds from the $250 million of perpetual securities issued in May 2016 as well as Australian dollar borrowings.

Units of Mapletree Logistics Trust closed flat at $1.02 on Wednesday.
Click to expand...

Oh.. Nice! I can plan to pair this with FLT. :):)
 
M

madtari

Master Member
Joined
Nov 20, 2002
Messages
2,963
Reaction score
5
That was bcos of the sudden deterioration of economic & financial figures and thus the crash early this year. If this repeats once again, they might also cut down the actual # of hike in 2017!
Dividends Warrior said:
Last year, they also said 2016 would have 4 hikes. But in the end the story turned out very different.
Click to expand...
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top