Mapletree Logistics Trust (MLT)

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.

Insider moves

BlackRock sells 4.03 mil units in MLT, no longer substantial unitholder

Following the sale, BlackRock now has some 247.56 million units in MLT, or a 4.95% stake, down from 5.03% previously.
Mapletree Logistics Trust logged highest retail net inflows among S-REITs in 1Q2024 - THE EDGE SINGAPORE

REITs

Mapletree Logistics Trust logged highest retail net inflows among S-REITs in 1Q2024

MPACT and Keppel DC REIT, at second and third place, were neck and neck at $54.6 million and $54.3 million respectively.
S-REITs in ‘better shape’ than two years ago; CICT, MLT top picks: HSBC - THE EDGE SINGAPORE

Broker's Calls

S-REITs ‘in better shape’ than two years ago; CICT, MLT top picks: HSBC

HSBC favours stocks with embedded growth, like CICT; and REITs that have priced in most of the negative news, like MLT.

Broker's Calls

Analysts like Mapletree Logistics Trust for ‘resilient’ performance; UBS upgrades to ‘buy’

MLT's 4QFY2024 DPU stood at 2.211 cents while its FY2024 DPU came in at 9.003 cents.
How Mapletree REITs weather the interest rate storm - THE EDGE SINGAPORE

REITs

How Mapletree REITs weather the interest rate storm

Astute capital management strategies, divestments, recycling programmes by the three Mapletree S-REITs could attract investors

Results

Mapletree Logistics Trust’s 4QFY2024 DPU falls 2.5% y-o-y, FY2024 DPU 0.1% lower

Gross revenue and NPI for 4QFY2024 grew 1.2% and 0.6% y-o-y to $181.0 million and $155.3 million respectively.

Insider moves

Mapletree Investments subsidiary sells 296.6 mil MLT units to Aranda Investments for $412 mil

Units in MLT closed 2 cents higher or 1.37% up at $1.48 on April 1.
MLT announces proposed acquisition of Malaysia, Vietnam properties for $234 mil - THE EDGE SINGAPORE

REITs

MLT announces proposed acquisition of Malaysia, Vietnam properties for $234 mil

The manager of MLT expects the acquisitions to be accretive to MLT’s distribution per unit on a historical pro forma basis.
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