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.
