Mapletree Logistics Trust (MLT) is facing mounting pressure from investors to accelerate the disposal of its Chinese logistics assets, but the trust's manager has defended its deliberate pace.
The manager stated that the current market conditions are characterized by a lack of liquidity and low offers, making a rapid exit strategy unviable without significant value destruction.
The trust is proceeding with its S$1 billion divestment plan on its own terms, prioritizing asset value over speed.
The trust is proceeding with its S$1 billion divestment plan on its own terms, prioritizing asset value over speed.
Investors have been vocal in their desire for the REIT to cut losses and expedite its exit from the Chinese market.
The sentiment reflects broader concerns about the performance and outlook of logistics assets in China, where demand has softened and valuations have compressed.
However, the manager emphasized that panic selling is not in the best interest of unitholders, arguing that a measured approach will yield better returns in the long run.