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Analysts raise hopes on Mapletree Industrial Trust following 3Q results

Uma Devi
Uma Devi • 5 min read
Analysts raise hopes on Mapletree Industrial Trust following 3Q results
MINT's latest results were in line with analysts' expectations. OCBC Investment Research shares that MINT’s FY20 DPU to-date constitutes some 75% of its full-year forecast, while CGS-CIMB and Maybank Kim Eng’s figures stand at 73% and 77% respectively.
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SINGAPORE (Jan 23): Analysts are raising their target prices on Mapletree Industrial Trust (MINT), after the REIT showed steady growth in its latest set of results, underpinned by its new revenue contributions from acquisitions and development projects.

Following the REIT’s results announcement on Jan 21, all three brokerage reports spotted by The Edge Singapore – by CGS-CIMB Research, Maybank Kim Eng Research, and OCBC Investment Research – saw higher fair values estimates for MINT.

MINT reported a distribution per unit (DPU) of 3.16 cents for 3Q20 ended December, some 2.9% higher than 3.07 cents last year.

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