Mapletree Industrial Trust (MINT)

Lower DPU but positive rental reversions for Mapletree Industrial Trust leave analysts mixed - THE EDGE SINGAPORE

Broker's Calls

Lower DPU but positive rental reversions for Mapletree Industrial Trust leave analysts mixed

The trust’s DPU dipped 2.9% y-o-y but rose 1.8% q-o-q to 3.39 cents for the 1QFY2024.
Mapletree Industrial Trust reports DPU of 3.39 cents for 1QFY2024, 2.9% lower y-o-y - THE EDGE SINGAPORE

Results

Mapletree Industrial Trust reports DPU of 3.39 cents for 1QFY2024, 2.9% lower y-o-y

The amount available for distribution to unitholders increased by 3.1% q-o-q to $89.9 million, but fell by 2.5% y-o-y.

Broker's Calls

Maybank Securities lowers MINT’s TP to $2.30 after tenant bankruptcy

Maybank Securities analyst Krishna Guha adds that he hopes the recent spate of negative news is not becoming a sector trend.

REITs

MINT's third-largest tenant initiates bankruptcy proceedings

Upon MINT's acquisition of the data centre in Osaka, the tenant would be the REIT's fourth-largest.
'Buy' data centre S-REITs while they are under pressure from distressed tenant: DBS - THE EDGE SINGAPORE

Broker's Calls

'Buy' data centre S-REITs while they are under pressure from distressed tenant: DBS

Among three S-REITs facing pressure, Keppel DC REIT’s “diversified exposure” offers “longer-term growth”, says DBS Group Research.

Broker's Calls

UOB Kay Hian slashes MINT's TP to $2.79 as it weighs the risk of its US tenants' non-renewal

In his worst-case scenario, UOBKH's DPU forecast for FY2026 is lowered to 13.3 cents with a further-reduced target price of $2.67.

Broker's Calls

Analysts keep 'buy' on Mapletree Industrial Trust with lower TP on higher rates assumptions

Given the rise in global interest rates, the analysts are keenly watching the REIT’s refinancing efforts.
Mapletree Industrial Trust reports 2QFY23 DPU of 3.36 cents, down 3.2% y-o-y - THE EDGE SINGAPORE

Results

Mapletree Industrial Trust reports 2QFY2023 DPU of 3.36 cents, down 3.2% y-o-y

The REIT’s average overall portfolio occupancy for the quarter increased to 95.6% from 95.3% in the preceding quarter.
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