Mapletree Logistics Trust

Broker's Calls

MLT’s divestment of Mapletree Xi’an Logistics Park signifies ongoing proactive portfolio reconstitution strategy: Citi

The transaction represents MLT’s first divestment of an asset in China since December 2019.

REITs

MLT to divest Mapletree Logistics Warehouse (Xian) for RMB70.5 mil

The proposed divestment is expected to be completed by 3QFY2024/FY2025.
Mapletree Logistics Trust announces new CEO of the manager - THE EDGE SINGAPORE

REITs

Mapletree Logistics Trust announces new CEO of the manager, seen by DBS to 'bring continuity'

DBS is keeping its "buy" call on MLT and $1.75 target price.

REITs

MLT to divest a Tuas warehouse for $10.5 million

The property, 30 Tuas South Avenue 8, has a valuation of $9.5 million as of end March

Asean

Ongoing buzz of activity despite graft probe setback

Singapore-based or listed companies are active in Vietnam.

Broker's Calls

DBS, calling Mapletree Logistics 'citadel of stability', maintains 'buy' call

DBS notes that MLT has been "fairly resilient" year to date
Mapletree Logistics Trust's 4Q2023 DPU unchanged, FY2023 DPU up 2.5%  - THE EDGE SINGAPORE

Results

Mapletree Logistics Trust's 4QFY2023 DPU unchanged, FY2023 DPU up 2.5%

Mapletree Logistics Trust's DPU in 4QFY2023 was unchanged while FY2023 DPU rose 2.5% including income support
Resilient DPU, stable valuations, faltering ICR  - THE EDGE SINGAPORE

REITs

Resilient DPU, stable valuations, faltering ICR

As DPUs inch ahead, and valuations remain stable, ICR appears to be challenged

Results

Mapletree Logistics Trust reports 3QFY2023 dpu of 2.227 cents, up 1.9%

Some 83% of its total debt had been hedged into fixed rates

REITs

Acquisitions a key ingredient of sector growth

Acquisitions have been a major ingredient in the growth of S-REITs
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