“Capital management was effective, keeping [the] cost of debt stable at 3.1% (flat q-o-q), compared to our projection of 3.5%,” they write in their report dated April 26.
Analysts are mixed on Mapletree Industrial Trust (SGX:ME8U
) (MINT)’s prospects after the REIT’s results for the 4QFY2023/2024 and FY2023/2024 ended March 31. CGS International, DBS Group Research and OCBC Investment Research (OIR) have maintained their “add” and “buy” calls while Maybank Securities kept its “hold” call.
MINT’s “robust earnings” were a “welcome surprise” for DBS analysts Derek Tan and Dale Lai, who deemed MINT’s full-year distribution per unit (DPU) to be ahead of their estimates at 13.0 cents.
