Mapletree Industrial Trust (MINT)

REITs

MINT to divest Tanglin Halt cluster for $50.6 mil

The Tanglin Halt cluster contributed about 0.7% to MINT’s gross revenue in the FY2022/2023 ended March 31, 2023.

Broker's Calls

Analysts cheer MINT’s strong Singapore rental reversion despite US occupancy weakness

Vacancy in US data centres and further non renewals along with absence of divestment gains may negatively impact distributions.

Results

Mapletree Industrial Trust reports 3QFY2024 DPU of 3.36 cents, 0.9% lower y-o-y

The REIT’s distributable income for the 3QFY2023/2024 increased by 3.1% y-o-y to $95.2 million.

Broker's Calls

UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred

CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.

Broker's Calls

UOBKH maintains 'overweight' rating on S-REITs after seeing 'healthy signs' that inflationary pressures have moderated

Analyst Jonathan Koh keeps his buy call on CDLHT, FCT, FEHT, KREIT, LREIT and MINT.
DBS, UOBKH and CGS-CIMB analysts keep 'buy' and 'add' calls on MINT, while Citi and Maybank keep 'neutral' and 'hold' - THE EDGE SINGAPORE

Broker's Calls

DBS, UOBKH and CGS-CIMB analysts keep 'buy' and 'add' calls on MINT, while Citi and Maybank keep 'neutral' and 'hold'

This follows the REIT’s 2QFY2023/2024 ended Sept 30 results with “healthy gearing” and robust rental reversions, say analysts.

Results

Mapletree Industrial Trust reports 2QFY2024 DPU of 3.32 cents, 1.2% lower y-o-y

Unitholders will receive their DPUs on Dec 5.
Mapletree’s group of REITs are a ‘great place to be in’, says DBS - THE EDGE SINGAPORE

Broker's Calls

Mapletree’s group of REITs are a ‘great place to be in’, says DBS

DBS believes that all three REITs' ICRs are able to provide ample buffers even if interest rates remain elevated.
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