Continued resilience, quality portfolio present 'attractive prospects' for this REIT: DBS
Uma Devi • • 4 min read
The brokerage notes that MINT has been improving portfolio quality through strategic moves in the data centre space. Analysts are positive on acquisitions such 18 Tai Seng, Paya Lebar iPark and two portfolios of data centers in the US.
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SINGAPORE (Apr 28): REITs have fallen prey to the broad-based market sell-off recently, but analysts are banking on one REIT with a resilient data center portfolio and resilient operating metrics to buck the trend.
For 4QFY2019 ended March, Mapletree Industrial Trust (MINT) booked a distribution per unit (DPU) of 2.85 cents, a year-on-year decline of 9.8%. Despite the minor stumble posed by the Covid-19 uncertainties, the REIT’s full-year distribution came in at 12.24 cents, a marginal 0.7% higher than a year ago.
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