Mapletree Logistics Trust’s (M44U.SG) $55 million yield-accretive purchase of Singapore property Liang Huat Building doing little to spur investor interest.

REIT flat at $0.915 in thin trade, drifting in tight $0.905-$0.92 band so far today.

While property offers initial net yield of 7.8% vs 6.5% yield for existing Singapore portfolio, RBS, which has Buy call with $1.11 target, says impact on unit price neutral as MLT had in September already unveiled potential acquisitions of 4 properties.