Mapletree Industrial Trust (MINT)

Insider moves

DBS buys 164,000 units in MINT for $0.4 mil

Following the transaction, DBS’ stake in MINT came up to 0.751%.

Broker's Calls

Analysts mostly maintain their ‘buy’ calls on Mapletree Industrial Trust after 2QFY2025 results

The REIT continued to generate steady DPU growth of 1.5% during the quarter.

Results

MINT’s 2QFY2025 DPU up by 1.5% at 3.37 cents

Gross revenue and net property income (NPI) for 2QFY2024 rose by 4.2% and 4.6% y-o-y to $181.4 million and $134.5 million, respectively.

REITs

MINT proposes to acquire Tokyo freehold mixed-use property for JPY14.5 bil

The proposed acquisition is expected to take place by the fourth quarter of 2024.

New appointments

MINT appoints banking veteran Eng-Kwok Seat Moey as independent non-executive director

Eng-Kwok was formerly the group head of capital markets at DBS until her retirement in March.
MINT’s healthy 1QFY2025 and conservative financial management style assures analysts - THE EDGE SINGAPORE

Broker's Calls

MINT’s healthy 1QFY2025 and conservative financial management style assures analysts

OCBC, DBS, CGSI have all kept their ‘buy’ and 'add' calls as well as their respective fair value and target prices unchanged.

Broker's Calls

UOBKH notes strength of S-REITs sector despite continued high interest rates, keeps ‘overweight’

KREIT, FEHT, LREIT, MINT and MPACT are the analyst’s top picks

Broker's Calls

Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs

Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.
UOBKH lowers MINT’s TP to $2.93 after its data centre JV’s all-in cost of debt to increase after January expiry - THE EDGE SINGAPORE

Broker's Calls

UOBKH lowers MINT’s TP to $2.93 after its data centre JV’s all-in cost of debt to increase after January expiry

UOB Kay Hian has kept 'buy' on Mapletree Industrial Trust at a reduced target price of $2.93, down from $3.02 previously.
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