The team at UBS Global Research has upgraded its call on MLT to “buy” from “neutral” as it sees value emerging after the sell-off seen in MLT’s units year-to-date (ytd).
Analysts are upbeat over Mapletree Logistics Trust (SGX:M44U
) ’s (MLT) prospects after it reported its results for the 4QFY2024 and FY2024 ended March 31 on April 29.
MLT’s distribution per unit (DPU) for the 4QFY2024 stood at 2.211 cents, 2.5% lower y-o-y, while its FY2024 DPU dipped by 0.1% y-o-y to 9.003 cents.
