MLT has achieved above-market occupancy of around 93%, which the analyst believes will be sustained for the next six to 12 months due to the REIT’s defensive strategy, despite high market vacancies in China, at above 20%,
Analysts from Citi Research and CGS International (CGSI) are keeping their “buy” and “add” calls on Mapletree Logistics Trust (SGX:M44U
) (MLT) respectively, despite headwinds in China.
According to Citi Research analyst Brandon Lee, headwinds in China “cannot be ignored”.
