Blog Post  Mapletree Log Tr looks good after acquistion

The trend for the past 2 years and is likely to stay, is that Reits have been issuing rights or preferential offerings to acquire overseas properties :

  • CapitaCom Tr – acquired Gallileo of Frankfurt
  • Keppel DC Reit – acquired KDC SGP 5
  • Mapletree Ind Tr – acquired 14 data centres in US.
  • Frasers L&I Tr – acquired 21 logistics and industrial properties in Germany and Holland.
  • ManulifeReit USD – acquired 1750 Pennsylvania Ave and Phipps Tower in US.
  • Frasers Com Tr – acquired Farnborough Business Park

When a Reit make an acquisition, especially raising funds via rights issues, the shares become diluted. We have seen how Lippo Malls Tr, Cache Log Tr acquired properties, and their DPU performances did not improve.

A good way to judge the performance of a Reit Manager is to access how a Reit performs after ...



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