MLT

Broker's Calls

UOB Kay Hian lowers target price for Mapletree Logistics Trust as vacancy in China at a historical high

Vacancies of logistics properties in China are at a historical high of 21.5%
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
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

Results

MLT reports 3.5% y-o-y growth in 2QFY2023 DPU of 2.248 cents

Amount distributable to unitholders was $108 million, 15.6% higher year-on-year.
MLT records 5% rise in DPU in 1QFY2023  - THE EDGE SINGAPORE

Results

MLT records 5% rise in DPU in 1QFY2023

MLT reports 5% y-o-y rise in DPU in 1QFY2023 to 2.268 cents due to accretive acquisitions, higher revenue from existing properties

REITs

The way forward for S-REITs

We recall the tentative early days of S-REITs, the sector’s subsequent success, 20 years after the first REIT was listed

M&A

Mapletree Logistics Trust completes the acquisition of 12 logistics assets in China

Approximately 97.5% of the gross proceeds of the equity fund raising it raised in Nov 2021 has been used to fund the acquisition
UOB Kay Hian and CGS-CIMB maintain 'hold' calls on MLT, citing unattractive yield  - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian and CGS-CIMB maintain 'hold' calls on MLT, citing unattractive yield

The FY22F dividend yield of about 4.3% is on the lower end when compared to other industrial REITs.
Mapletree Logistics Trust posts 5.7% growth in 2QFY21/22 DPU of 2.173 cents - THE EDGE SINGAPORE

Results

Mapletree Logistics Trust posts 5.7% growth in 2QFY21/22 DPU of 2.173 cents

Unitholders can expect to receive their distributions on Dec 14
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