Shares of Mapletree Industrial Trust (OTCMKTS:MAPIF – Get Free Report) dropped 13.8% on Friday . The company traded as low as $1.38 and last traded at $1.38. Approximately 13,000 shares were traded during trading, an increase of 256% from the average daily volume of 3,654 shares. The stock had previously closed at $1.60.
Mapletree Industrial Trust Price Performance
The firm has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.52.
About Mapletree Industrial Trust
Mapletree Industrial Trust (OTCMKTS:MAPIF) is a Singapore‐based real estate investment trust focused on the ownership and management of income-producing industrial properties. Established in 2010 and listed on the Singapore Exchange, the trust’s portfolio comprises data centres, manufacturing facilities, business parks and logistics warehouses. Through disciplined asset acquisition and active portfolio management, the trust seeks to deliver stable income and long-term capital growth to unitholders.
While its core holdings reside in Singapore, Mapletree Industrial Trust has expanded its geographic footprint across the Asia-Pacific region and beyond.
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