Mapletree Industrial Trust (MINT)

Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil - THE EDGE SINGAPORE

REITs

Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil

The manager of MINT says the acquisition will be financed via proceeds from an equity fundraising and debt.
It’s a 'buy' for MINT all around as it concludes another 'robust' quarter: analysts - THE EDGE SINGAPORE

Broker's Calls

It’s a 'buy' for MINT all around as it concludes another 'robust' quarter: analysts

CGS-CIMB has upgraded their recommendation to "add" from "hold" while DBS has kept "buy" on MINT.

Results

MINT posts 2.5% higher DPU of 12.55 cents for FY20/21 due to consolidation of revenue and expenses from US data centres

The REIT reported DPU of 3.30 cents for the 4QFY2020/2021, which includes the $7.1 million previously withheld the year before.
MINT sees uptick in high-tech segment, but faces challenging conditions: analysts - THE EDGE SINGAPORE

Broker's Calls

MINT sees uptick in high-tech segment, but faces challenging conditions: analysts

Management expects operating conditions to remain challenging and drag on rents to persist over the next few quarters.
Units in Mapletree Industrial Trust dip 1.0% after posting 3.8% increase in 3Q DPU - THE EDGE SINGAPORE

Results

Units in Mapletree Industrial Trust dip 1.0% after posting 3.8% increase in 3Q DPU

Unitholders can expect to receive their distribution on March 8.
Lum Chang Holdings wins $127.1 mil contract from Mapletree Industrial Trust for Kallang Way project - THE EDGE SINGAPORE

Contracts

Lum Chang Holdings wins $127.1 mil contract from Mapletree Industrial Trust for Kallang Way project

Lum Chang says the earnings from the project will be recognised progressively throughout the stages of its completion.

Broker's Calls

Analysts mostly positive on Mapletree Industrial Trust after 2Q results release

It's a "buy" for DBS, Maybank and OCBC, while CGS-CIMB has maintained its "hold" call on the REIT.
Mapletree Industrial Trust posts 1% dip in 2Q DPU of 3.10 cents on enlarged unit base - THE EDGE SINGAPORE

Results

Mapletree Industrial Trust posts 1% dip in 2Q DPU of 3.10 cents on enlarged unit base

This brings DPU for 1HFY2020/2021 to 5.97 cents, 4.2% lower than the DPU of 6.23 cents a year ago.
STI dips slightly on cautious trading despite Phase 3 announcement - THE EDGE SINGAPORE

STI watch

STI dips slightly on cautious trading despite Phase 3 announcement

The Straits Times Index (STI) dipped 0.3% to 2,534.96 as at noon of Oct 26, from 2,543.57 last week.
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