mapletree logistics trust

Sale price is 3.7% above asset’s latest valuation of A$27 million, or US$19.5 million

Net proceeds will go towards the group’s general corporate and working capital purposes

Amount distributable to unitholders grows 1.1% on the year

The fund, managed by China Life Capital, has a portfolio of five stabilised logistics assets

The moves are in line with its continued portfolio rejuvenation efforts, says its manager

Investors want the Reit to cut losses and accelerate exits in China, but its manager says it will not panic sell

The Temasek-owned property giant’s AUM stands at S$76.2 billion as at end-March

The closed-end logistics fund will hold development assets with total AUM of up to US$1.8 billion when completed

OCBC upgrades MLT to ‘buy’ but cuts fair value estimate; CGSI trims target price but maintains ‘add’ call