This presentation shall be read in conjunction with Mapletree Industrial Trust's ("MIT") financial results for First Quarter Financial Year 2023/2024 in the SGXNET announcement dated 26 July 2023.
This presentation is for information only and does not constitute an offer or solicitation of an offer to sell or invitation to subscribe for or acquire any units in Mapletree Industrial Trust ("Units").
The past performance of the Units and MIT is not indicative of the future performance of MIT or Mapletree Industrial Trust Management Ltd. (the "Manager").
The value of Units and the income from them may rise or fall. Units are not obligations of, deposits in or guaranteed by the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that unitholders may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
This presentation may also contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions. Representative examples of these factors include general industry and economic conditions, interest rate trends, cost of capital, occupancy rate, construction and development risks, changes in operating expenses (including employees wages, benefits and training costs), governmental and public policy changes and the continued availability of financing. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events.
Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your own independent professional advisors.
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Contents
Key Highlights - 1 Apr 2023 to 30 Jun 2023
1QFY23/24 Financial Performance
Portfolio Update
Investment Update
Outlook and Strategy
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KEY HIGHLIGHTS 1 APR 2023 TO 30 JUN 2023
Hi-Tech Buildings, Mapletree Hi-Tech Park @ Kallang Way
Key Highlights
Higher Net Property Income driven by contributions from new leases across various property clusters, offset by higher borrowing costs
1QFY23/24 Net Property Income: S$130.8 million ( 0.7% y-o-y)
1QFY23/24 DPU: 3.39 cents ( 2.9% y-o-y)
Higher Q-on-Q DPU of 1.8% mainly attributed to lower property operating expenses and borrowing costs
Announced the proposed acquisition of newly built data centre in Osaka, Japan for JPY52.0 billion on 25 May 2023
Portfolio update
Average rental rate for Singapore Portfolio: S$2.18 psf/mth (0.9% q-o-q)
Average rental rate for North American Portfolio: US$2.41 psf/mth (0.4% q-o-q)
Positive rental revisions across most property segments
Capital management update
Successfully raised S$204.8 million through a private placement in May 2023
Issued JPY6.5 billion of 1.686% fixed rate notes due 2035 and JPY10.0 billion of 1.85% fixed rate notes due 2038 in Jun 2023
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Mapletree Industrial Trust published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 11:27:14 UTC.
Mapletree Industrial Trust is a Singapore-based real estate investment trust. The principal activity of the Company and its subsidiaries is to invest in income-producing real estate used primarily for industrial purposes in Singapore and as data centers worldwide beyond Singapore, as well as real estate-related assets, with the primary objective of achieving sustainable returns from rental income and long-term capital growth. Its segments include Data Centers, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings, and Light Industrial Buildings. Its portfolio comprises 56 properties in North America, 83 properties in Singapore, and one property in Japan. Its properties include 7 Tai Seng Drive, 1 & 1A Depot Close, 30A Kallang Place, 2A Changi North Street 2, 6 Norden Place, Norwalk, 180 Peachtree Street NW, Atlanta, 400 Minuteman Road, Andover, Kaki Bukit, Kampong Ampat, and others. Mapletree Industrial Trust Management Ltd. is the Company's manager.
MAPLETREE INDUSTRIAL TRUST 
