Leases accounting for 24.2% of portfolio net lettable area (NLA) would expire in FY2023 ended March, of which about half comes from MLT’s China portfolio.
UOB Kay Hian Research analyst Jonathan Koh has kept his “buy” rating on Mapletree Logistics Trust (MLT) with an unchanged target price of $2.08. He has also retained his distribution per unit (DPU) forecasts.
In recent times, Koh observes that MLT’s China portfolio has recovered from localised lockdowns, where leasing activities have resumed and demand for logistics space is expected to pick up rapidly in 3QFY2022.
