PREMIUMMapletree Logistics Trust Locks In S$400 Million of Perpetual Capital at 3.5%

Singapore, 4 August 2026 – Mapletree Logistics Trust has priced S$400 million of perpetual securities at a 3.5% distribution rate, adding a sizeable layer of long-dated capital as the Asia-focused logistics real estate investment trust manages a mature balance sheet and positions for selective growth. The pricing matters because perpetual securities can strengthen funding flexibility without carrying a conventional maturity date, although their distributions remain a recurring claim ahead of ordinary unitholder payouts.

The transaction arrives as funding discipline becomes increasingly important for Singapore-listed property trusts. Mapletree Logistics Trust reported S$13.69 billion of total assets and S$5.49 billion of total borrowings at 31 March 2026. Its aggregate leverage stood at 40.6%, only slightly below 40.7% a year earlier, while the average cost of debt eased to 2.6% from 2.7%. Interest cover remained at 2.9 times. These figures show a trust that retains access to capital but has limited room for complacency as refinancing and portfolio-recycling decisions shape future distributions.