Mapletree Logistics Trust: Peer Snapshot

Mapletree Logistics Trust - March 2017 (LTM): Peer Snapshot - Peer Snapshot – 2017/07/27 – US$ 750.00

Mapletree Logistics Trust: Update to Full Year Results - Credit Opinion – 2017/07/18 – US$ 250.00

Mapletree Logistics Trust - Q2 2016: Peer Snapshot - Peer Snapshot – 2017/02/02 – US$ 750.00

Mapletree Logistics Trust: Update Following Change in Outlook to Negative - Credit Opinion – 2016/12/21 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa1 issuer rating reflects its diversified portfolio of logistics assets across eight markets within Asia Pacific, its stable and recurring income and its good financial flexibility given that all its debt is funded on an unsecured basis. The ratings also incorporate the support of Mapletree Investments Pte. Ltd. (unrated), MLT's financially- strong sponsor with strong banking relationships and the trust's track record of good access to diversified funding sources. At the same time, MLT's ratings remain constrained by (1) its elevated leverage profile resulting from its acquisitive portfolio growth strategy; (2) its heightened refinancing risk over the next twelve months as its 2012 subordinated perpetual securities have its first call date in September 2017; and (3) lower occupancy rates for its Singapore portfolio as it converts single-user assets into multi-tenanted buildings. The ratings are also constrained by the inherent liquidity risks associated...

Moody's changes Mapletree Logistics Trust's outlook to negative; affirms Baa1 issuer rating - Rating Action – 2016/12/16 – US$ 180.00

Mapletree Logistics Trust: Baa1 Rating Affirmed; No Headroom to Accommodate Further Credit Deterioration - Credit Opinion – 2016/07/13 – US$ 250.00

Moody's affirms MLT's Baa1 ratings on acquisitions; outlook stable - Rating Action – 2016/06/30 – US$ 180.00

Mapletree Logistics Trust: Stable Operating Performance Supports Baa1 Rating - Credit Opinion – 2016/04/04 – US$ 250.00

Mapletree Logistics Trust - Credit Opinion – 2015/08/26 – US$ 250.00 – ...Rating Drivers (1) Diversified portfolio with quality assets in strategic locations (2) Good operating track record, but occupancy rate in Singapore under short-term pressure (3) Credit metrics will likely weaken, but remain within rating parameters, given acquisitive growth strategy (4) Strong support from its sponsor, Mapletree Investments Pte Ltd Corporate Profile Mapletree Logistics Trust (MLT) is the first Singapore-based Asia-focused logistics real estate investment trust (REIT), listed on the Singapore Exchange in July 2005. It has a diversified portfolio of 118 properties in Singapore, Hong Kong, Japan, China, Malaysia, South Korea and Vietnam, with a total appraised value of SGD4.6 billion as at 30 June 2015. MLT's sponsor is Mapletree Investments Pte Ltd (Mapletree Investments), a wholly owned subsidiary of Temasek Holdings (Aaa stable), which in turn is an investment company owned by the Singapore Government (Aaa stable). As at 29 May 2015, Mapletree Investments held a 39.8%...

Moody's: MLT's maiden Australian acquisition will broaden geographical diversification - Announcement – 2015/07/02 – US$ 180.00