Added Mapletree Industrial Trust

Build-to-suit development for HP Singapore at 1 and 1A Depot Close

The last time I added Mapletree Industrial Trust (SGX:ME8U) shares was via the preferential offering in Jun 2021 at $2.64.

I applied for 3,000 shares (entitlement and excess) and got the monies for 1,500 shares refunded.

Thanks to noises and looming news of interest rate hikes, opportunity arises as the share price of MIT tanked below the preferential offering price in Jun 2021.

As at time of writing, its share price is below the 20 day, 50 day and 100 day moving averages at $2.67, $2.68 and $2.75 meaning it is a falling knife now with no support underneath and could possibly tank lower.

However, I am not bothered about short-term volatility but rather focused on long-term income investing in a well managed industrial Reit owning freehold data centres with long Wale and ever growing DPU, at a yield of more than 5%.

I added 1,500 shares of MIT today and will then own 8,000 shares.

Related posts:

1. Subscribed to Mapletree Industrial Trust PO shares

2. Order not filled for Mapletree Industrial Trust but... 

3. Added Mapletree Industrial Trust

4. Portfolio Rebalancing: Cut StarHub to buy Mapletree Industrial Trust

5. A Reit that I do not dare to sell again

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Qiongster