Firstly, MINT is divesting its Philadelphia Data Centre at 2000 Kubach Road, which has been vacant since end of 2024, for US$14.5 million, as part of its proactive capital recycling strategy.
Derek Tan of DBS Group Research notes two positive updates from Mapletree Industrial Trust. However, he prefers to keep his "hold" call for now, pending further improvements before changing his recommendation.
"In our view, much of the negativity is already reflected in the share price, raising the possibility for positive surprises should leasing momentum continue to improve," says Tan, whose target price is $2.05.
