New Global Logistic mega IPO launched by GIC may weigh on existing smaller industrial trusts such as Cache Logistics Trust, Mapletree Logistics Trust, Ascendas REIT and Cambridge Industrial Trust. I managed to sell away Mapletree Logistics Trust few days back and decided to hold onto Cambridge Industrial Trust for the latter's higher dividend yield and to lower exposure to REITs. Another mega IPO, Mapletree Industrial Trust, likely to take off around same time, could further depress existing industrial plays.
Today, shares of Cache Logistics Trust remained unchanged, Mapletree Logistics Trust fell 2.247%, Ascendas REIT fell 0.459% and Cambridge Industrial Trust fell 0.917%.
Global Logistic IPO may weigh on smaller peers [via]
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