Mapletree Logistics Trust Proposes Divestment of Two Wuxi Properties to Sponsor-led RMB Fund

Key Points of the Announcement

• Proposed Divestment: Mapletree Logistics Trust (MLT) is divesting 100% equity interest in two wholly-owned subsidiaries holding logistics properties in Wuxi, China, to a new Renminbi (RMB) fund led by its sponsor, Mapletree Investments Pte Ltd (MIPL).
• Properties Involved: The assets are Mapletree (Wuxi) Logistics Park (MWLP1) and Mapletree Wuxi New District Logistics Park (MWLP2).
• Agreed Property Values: RMB180 million (S\$34.3 million) for MWLP1 and RMB544 million (S\$103.6 million) for MWLP2. The final sale consideration will be based on the adjusted net asset values, including property values and intercompany loans.
• Nature of Properties: MWLP1 is a three-block, single-storey warehouse complex (45,084 sqm NLA on 67,800 sqm land). MWLP2 is a four-block, two-storey ramp-up warehouse facility (122,403 sqm NLA on 100,000 sqm land).

Transaction Structure and Rationale

• Interested Party Transaction: The RMB Fund is an associate of MIPL (MLT’s controlling unitholder), making this an interested party transaction under both the Property Funds Appendix and the Singapore Exchange Listing Manual.
• Shareholder Approval Not Required: The aggregate value of transactions with MIPL and its subsidiaries during the current financial year is less than 3% of MLT’s latest audited net asset value and net tangible assets. Therefore, unitholder approval is not required.
• Portfolio Rejuvenation: The divestment reinforces MLT’s commitment to portfolio optimisation and proactive capital recycling, enabling the Trust to unlock value from mature assets and enhance financial flexibility for new investments.
• Independent Valuations: Two independent valuers, Jones Lang LaSalle and Colliers, valued the properties using income capitalisation and discounted cash flow methods. The agreed prices for both properties are above the independent valuations, reflecting a favourable outcome for MLT.
• Board Oversight: MLT’s Audit and Risk Committee, comprising only Independent Directors, has reviewed and approved the transaction, confirming it is on arm’s length terms consistent with what could be achieved with non-interested parties.

Details of the Valuations

Impact on MLT and Shareholders

• Financial Impact: The divestment is not expected to have a material impact on MLT’s net asset value and net property income for FY26/27.
• Portfolio Size: Following the divestment, MLT’s portfolio will comprise 173 properties, down from 175 as at 31 March 2026.
• Completion Timeline: All sales proceeds are expected to be received within six months from the signing of the sale and purchase agreements, subject to regulatory procedures and FDI de-registration.
• Strategic Value: The transaction supports MLT’s long-term strategy of recycling capital from mature assets into new value-accretive opportunities, potentially strengthening future growth prospects and distribution sustainability.

Potential Price Sensitive Information

• The divestment is an interested party transaction but conducted at a premium to independent valuations, indicating prudent management and possible positive value realisation for unitholders.
• The recycling of capital may enhance MLT’s flexibility in pursuing accretive acquisitions, a key driver for future DPU (distribution per unit) growth and share price appreciation.
• No immediate material impact on FY26/27 results, but the capital unlocked can be redeployed for potentially higher-yielding assets.

About Mapletree Logistics Trust

MLT is Singapore’s first Asia Pacific-focused logistics REIT, listed since 2005. As at 31 March 2026, its portfolio spans 175 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea, and Vietnam, with assets under management of S\$13.1 billion. The Trust is managed by Mapletree Logistics Trust Management Ltd., a wholly owned subsidiary of Mapletree Investments Pte Ltd.

Contact

Ms Lum Yuen May
Director, Investor Relations
Tel: +65 6659 3671
Email: [email protected]

Disclaimer

This article is for informational purposes only and does not constitute investment advice or an offer to acquire, purchase, or subscribe for units in Mapletree Logistics Trust. Investments in REITs involve risks, including the potential loss of principal. Past performance is not indicative of future results. Please refer to official announcements and consult your financial adviser before making investment decisions.

丰树物流信托将两处无锡物业出售予由赞助商牵头的人民币基金

公告要点

• 拟议出售：丰树物流信托（MLT）拟将持有中国无锡两处物流物业的全资子公司100%股权，出售给由其赞助商丰树投资私人有限公司（MIPL）牵头的新人民币基金。
• 涉及物业：资产为丰树（无锡）物流园（MWLP1）和丰树无锡新区物流园（MWLP2）。
• 协议物业价值：MWLP1为人民币1.8亿元（约新币3430万元），MWLP2为人民币5.44亿元（约新币1.036亿元），最终对价将以调整后净资产值（含物业价值及集团内部贷款）确定。
• 物业详情：MWLP1为三栋单层仓库，总可出租面积45,084平方米，土地面积约67,800平方米。MWLP2为四栋两层坡道仓库，总可出租面积122,403平方米，土地面积近10万平方米。

交易结构与意义

• 关联交易：人民币基金为MIPL的联属公司，构成关联方交易。根据监管规定及新加坡交易所上市手册，该交易为关联人交易。
• 无需股东批准：本财年MLT与MIPL及其子公司全部交易的总额低于MLT最新经审计净资产值及有形净资产的3%，因此无需获得MLT持有人批准。
• 组合优化：出售计划体现了MLT主动优化资产组合和资本循环的承诺，有助于释放成熟资产价值，提高财务灵活性以投资新项目。
• 独立估值：两家独立评估机构（仲量联行和高力国际）采用收益资本化及现金流折现法评估，协议价格高于独立估值，反映了对MLT有利的结果。
• 董事会监督：MLT审计与风险委员会（均为独立董事）已批准本交易，确认其为独立第三方交易可获得的市场条款。

估值详情

对MLT及持有人的影响

• 财务影响：本次出售预计不会对MLT 2026/27财年净资产值及物业净收入产生重大影响。
• 资产组合：交易完成后，MLT资产组合将由175项降至173项。
• 回款进度：全部销售款项预计将在签署协议后六个月内收回，视监管程序与外商投资注销手续进展。
• 战略价值：本交易有利于MLT聚焦于资本循环、提升投资灵活性，把资金投向具更高增值潜力的资产，推动未来增长及分红可持续性。

可能影响股价的要点

• 本次关联交易以高于独立评估价成交，体现公司治理，或对持有人价值实现有正面影响。
• 资本循环有助于MLT寻找更高收益投资机会，推动未来分红与股价表现。
• 对2026/27财年无重大即时影响，但释放的资金可用于更具吸引力的投资。

关于丰树物流信托

丰树物流信托是新加坡首个亚太区物流房地产投资信托，截至2026年3月31日，资产组合覆盖新加坡、澳大利亚、中国、香港、印度、日本、马来西亚、韩国及越南，共175项物业，资产管理规模131亿新元，由丰树投资全资子公司管理。

联系方式

林苑梅
投资者关系总监
电话：+65 6659 3671
邮箱：[email protected]

免责声明

本文仅供参考，不构成投资建议或认购、购买丰树物流信托基金份额的要约。房地产信托投资具风险，包括本金损失的可能性。过往业绩不代表未来表现。投资前请查阅官方公告并咨询专业财务顾问。

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