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High Borrowing Costs Hamper Mapletree Industrial’s US Data Center Portfolio

Singapore REIT Is Pursuing Selective Sales of Some Properties
The Bank of America Operations Center in Richmond, Virginia, is among Mapletree Industrial Trust’s largest U.S. data centers. (CoStar)
The Bank of America Operations Center in Richmond, Virginia, is among Mapletree Industrial Trust’s largest U.S. data centers. (CoStar)

Despite increasing demand for data storage capacity, Mapletree Industrial Trust's 55-property U.S. data center portfolio posted a 4.6% annual decline in value.

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