Mapletree Industrial Trust (ME8U.SI)
Mapletree Industrial Trust operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Singapore, CE, SG. The stock last traded at $1.86, down 0.53% on the session, giving a market capitalisation of $5.31B. Its beta of 0.36 implies it has historically moved less than the broad market.
Mapletree Industrial Trust (MIT) is a publicly listed Real Estate Investment Trust (REIT) on the Singapore Exchange's Main Board. Its primary objective is to strategically acquire and manage a diverse array of income-generating properties. This includes industrial real estate predominantly located in Singapore, as well as data centres situated globally outside of Singapore. The trust also holds various real estate-related assets. As of September 30, 2020, MIT's total assets under management reached S$6.6 billion. This substantial portfolio comprised 84 properties within Singapore and an additional 27 properties across North America. Notably, 13 of these North American assets are data centres, held through a joint venture with Mapletree Investments Pte Ltd. MIT's property holdings span a comprehensive range of industrial types, including Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings, and Light Industrial Buildings. Operational management of MIT is handled by Mapletree Industrial Trust Management Ltd., with Mapletree Investments Pte Ltd serving as its sponsor.
Mapletree Industrial Trust is most often compared with the following Real Estate names: