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Mapletree Industrial ( (SG:ME8U) ) has shared an update.
Mapletree Industrial Trust Management Ltd. announced the issuance of 790,396 new units in Mapletree Industrial Trust to pay the manager’s base fee. This issuance is related to the management of 29 data centers in the United States and a data center in Osaka, Japan, reflecting the company’s strategic focus on expanding its data center portfolio. The issuance increases the total number of MIT units to 2,853,365,417, potentially impacting the trust’s market positioning and stakeholder value.
The most recent analyst rating on (SG:ME8U) stock is a Buy with a S$2.45 price target. To see the full list of analyst forecasts on Mapletree Industrial stock, see the SG:ME8U Stock Forecast page.
More about Mapletree Industrial
Mapletree Industrial Trust operates in the real estate investment trust (REIT) industry, focusing on the acquisition and management of industrial properties. Its primary services include managing a diverse portfolio of data centers and industrial real estate assets, with a market focus on the United States and Japan.
Average Trading Volume: 8,277,313
Technical Sentiment Signal: Buy
Current Market Cap: S$5.85B
Find detailed analytics on ME8U stock on TipRanks’ Stock Analysis page.