Financial PerformanceDistribution declared by its second data centre JV, Mapletree Rosewood Data Centre Trust (MRODCT), rose 46% year-over-year to S$7.4m as distribution was withheld last year due to Cyxtera filing for chapter 11 bankruptcy.
Growth OpportunitiesThe proposed acquisition of a Tokyo property that could be converted to a datacenter presents a substantial opportunity for future growth.
Strategic InvestmentsMapletree Industrial Trust is diversifying its earnings base by investing in datacenters, which now contribute close to 50% of its assets.