Mapletree Industrial Trust

MIT is a Singapore real estate investment trust (“REIT”) established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for industrial purposes, whether wholly or partially, in Singapore, as well as real estate-related assets. ( As used in this Prospectus, the term “industrial” refers to properties used primarily for industrial purposes, examples of which include but are not limited to, business park buildings, flatted factories, stack-up/ramp-up buildings, hi-tech and light industrial buildings and general industrial buildings, but excludes properties used primarily for logistics purposes. )
The real estate investment trust is a unit of Mapletree Investments, which is owned by Singapore’s state-run investment company Temasek Holdings Pte. Ltd.

Share Statistics

Public Offer: 106,145,000 units

Placement Tranche: 488,768,000 units

Cornerstone investors: 322,578,000 units

Price per unit: S$0.88 – 0.93

Forecast distribution per unit from 21 Oct 10 to 31 Mar 11 is 3.10 cents.

Annualized distribution yield: 7.6% to 8.0% for FY2010/2011 from 21 Oct 10 to 31 Mar 11

Distribution yield: 8.0% to 8.5% for FY2011/2012

Distribution policy: Distribute 100.0% of MIT’s Adjusted Taxable Income for the period from the Listing Date to 31 March 2012. Makes quarterly distributions but first distribution will be for the period from the Listing Date to 31 Dec 10 and will be paid by the Manager on or before 1 Mar 11. (Adjusted Taxable Income would include any issue of Units pursuant to a distribution reinvestment plan. The Manager does not have any immediate intention to implement a distribution reinvestment plan.)

The nine cornerstone investors include APG Tactical Real Estate Poll, American International Assurance Co. Ltd., Henderson Global Investors, Columbia Wanger Asset Management, D.E. Shaw Valence International, Inc, Prudential PLC. These nine cornerstone investors reportedly will subscribe to up to S$300 million worth of units.

Indicative Timetable

Institutional roadshow: 30 Sep – 8 Oct

Book close 8 Oct (all regions) – Joint book runners reserve the right to close the book early

Expected allocation & MAS registration: 12 Oct

Public Offer: 13 Oct –18 Oct

Listing date: 21 Oct