Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Mapletree Logistics Trust    MAPL   SG1S03926213

MAPLETREE LOGISTICS TRUST

(MAPL)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Mapletree Logistics Trust : Payment of Base Fee, Performance Fee, Property Management Fee and Lease Management Fee By Way of Issue of New Units in MLT

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/16/2019 | 07:57am EDT

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))

ANNOUNCEMENT

PAYMENT OF BASE FEE, PERFORMANCE FEE, PROPERTY MANAGEMENT FEE AND LEASE MANAGEMENT FEE IN RESPECT OF CERTAIN PROPERTIES BY WAY OF ISSUE OF NEW UNITS IN MAPLETREE LOGISTICS TRUST

Further to the announcements/press releases dated 29 May 2016, 28 June 2016, 23 September 2016, 15 December 2016, 5 July 2018, 19 September 2018, 26 October 2018, 1 November 2018 and the unitholders' circulars dated 28 August 2017 and 8 May 2018 in relation to certain properties in Australia, Malaysia, Vietnam, Singapore, Hong Kong SAR and the People's Republic of China (collectively, and together with MLT's other properties, referred to as the "Properties"), Mapletree Logistics Trust Management Ltd., as manager (the "Manager") of Mapletree Logistics Trust ("MLT") wishes to announce that a total of 2,940,819 new units in MLT ("Units") at the issue price of S$1.4392 and 2,486,344 new Units at the issue price of S$1.5755 per Unit have been issued on 16 August 2019 as follows:

  1. 2,139,124 Units to the Manager as payment of the base fee for the period from 1 April 2019 to 30 June 2019 in respect of certain Properties in accordance with the MLT Trust Deed;
  2. 2,940,819 Units to the Manager as payment of the performance fee in respect of certain Properties pro-rated for the financial year ended 31 March 2019 in accordance with the MLT Trust Deed; and
  3. 347,220 Units to Mapletree Property Management Pte. Ltd. (the "Property Manager") as payment of the property management fee and the lease management fee in respect of certain Properties for the period from 1 April 2019 to 30 June 2019 in accordance with the master property management agreement dated 24 June 2005 and the overseas properties property management agreement dated 18 January 2006 (collectively, the "MPMA"), both entered into between HSBC Institutional Trust Services (Singapore) Limited as trustee of MLT, the Manager and the Property Manager and as amended, supplemented and extended from time to time, pursuant to which the Property Manager is to provide certain property management, lease management, marketing services and other services to the properties of MLT.

The issue price of the Units for payment of the base fee, performance fee and property management fee and lease management fee is based on the volume weighted average price for a Unit for all trades on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days of the relevant period.

Following the above issuances, the Manager holds an aggregate of 29,959,665 Units and the Property Manager holds an aggregate of 3,071,653 Units. Total number of Units in issue as at 16 August 2019 is 3,640,028,680.

By Order of the Board

Wan Kwong Weng

Joint Company Secretary

Mapletree Logistics Trust Management Ltd.

(Company Registration No. 200500947N)

As Manager of Mapletree Logistics Trust

16 August 2019

Important Notice

This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MLT ("Units"). The value of Units and the income derived from them may fall as well as rise. 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 of MLT 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.

The past performance of MLT is not necessarily indicative of the future performance of MLT.

The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.

2

Disclaimer

Mapletree Logistics Trust published this content on 16 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2019 11:56:03 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MAPLETREE LOGISTICS TRUST
08/16MAPLETREE LOGISTICS TRUST : Payment of Base Fee, Performance Fee, Property Manag..
PU
07/29MAPLETREE LOGISTICS TRUST : Infrequent or one-off capital gain payment
FA
07/29MAPLETREE LOGISTICS TRUST : Ex-dividend day for
FA
07/29MAPLETREE LOGISTICS TRUST : Ex-dividend day for interim dividend
FA
07/15MAPLETREE LOGISTICS TRUST : Results of the 10th Annual General Meeting held on 1..
PU
07/15MAPLETREE LOGISTICS TRUST : MLT AGM 2019 Presentation
PU
07/08MAPLETREE LOGISTICS TRUST : Date of Release of First Quarter FY18/19 Financial R..
PU
07/03DISCLOSURE OF INTEREST/ CHANGES IN I : Change in Interest of Director
PU
06/27MAPLETREE LOGISTICS TRUST : Notice of the 10th Annual General Meeting of Mapletr..
PU
06/20DISCLOSURE OF INTEREST/ CHANGES IN I : Change in Interest of Director
PU
More news
Financials (SGD)
Sales 2020 495 M
EBIT 2020 374 M
Net income 2020 283 M
Debt 2020 2 927 M
Yield 2020 5,21%
P/E ratio 2020 18,7x
P/E ratio 2021 18,8x
EV / Sales2020 17,3x
EV / Sales2021 17,0x
Capitalization 5 642 M
Chart MAPLETREE LOGISTICS TRUST
Duration : Period :
Mapletree Logistics Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MAPLETREE LOGISTICS TRUST
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 1,52  SGD
Last Close Price 1,55  SGD
Spread / Highest target 19,5%
Spread / Average Target -2,01%
Spread / Lowest Target -19,4%
EPS Revisions
Managers
NameTitle
Kiat Ng Chief Executive Officer & Executive Director
Chong Kwee Lee Non-Executive Chairman
Ming Rean Lim Chief Financial Officer
Yoon Khong Hiew Non-Executive Director
Soy Yoong Pok Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MAPLETREE LOGISTICS TRUST23.02%4 105
EQUINIX INC56.60%46 829
DIGITAL REALTY TRUST, INC.15.71%25 687
REALTY INCOME CORPORATION15.24%23 119
ALEXANDRIA REAL ESTATE EQUITIES28.29%16 848
WP CAREY INC35.23%15 082