The four REITs are trading at an attractive cost of capital and raised close to $1.7 billion in new equity with strong investors support, shoring up their balance sheets, positioning them to take on new opportunities come 2019 and beyond.
SINGAPORE (Oct 1): “Nimble and decisive in executing their growth strategy and supported by a Sponsor with strong firepower, the Mapletree Group of REITs have been one of the more active S-REITs over the past 12 months, acquiring close to $3.1 billion in assets in Singapore, Hong Kong, China, Japan and the US,” say DBS analysts Derek Tan, Mervin Song and Carmen Tay in a Monday report.
The research house has “buy” rating on all four of the Mapletree REITs – Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MINT), Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT), with target prices of $1.50, $2.22, $1.80 and $1.45, respectively.
