Yields in warehousing assets have fallen to 7.5 per cent from 8.5 per cent in the past two years as more global players race to invest in such assets in the middle of the pandemic. “Yield” is the estimated return from an investment. It is calculated by dividing the annual rental income earned by a property by the price paid for the property. Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals. Last month, Singapore-listed Mapletree Logistics Trust bought two warehousing properties in Pune from a unit of Morgan Stanley Real Estate Investing (MSRI) and another entity at Rs 450 crore.