{
  "id": 16884993,
  "title": "US data centre divestments top priority for Mapletree Industrial Trust as Q2 income slips",
  "url": "https://urgent.news/2026/10/28/us-data-centre-divestments-top-priority-for-mapletree-industrial",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-28T10:17:30.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/reits-property/us-data-centre-divestments-top-priority-mapletree-industrial-trust-q2-income-slips"
  },
  "original_language": "en",
  "account": "Mapletree Industrial Trust (MIT) is prioritizing the divestment of older North American assets as its chief business objective, amid a decline in Q2 income. CEO Anand Tze Ming Chandran announced that the trust aims to complete a significant portion of the divestments by the end of its fiscal year on March 31, 2027. The divestment plans include assets valued at US$500 million to US$600 million, with US$1.07 billion already attributable to the trust. The portfolio to be sold comprises 22 older US data centers, currently valued at about US$1.24 billion. Chandran emphasized that the divestment will enhance the trust's diversification beyond the data centre industrial vertical, and improve its ability to manage income replacement, acquisitions, shelter from high-interest rate environments, and hedge profiles.",
  "summary": "The trust eyes advanced manufacturing, high-tech industries, digital infrastructure sectors in Singapore, US and Japan",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}