Mapletree Industrial Trust (MINT)

The analysts are maintaining their “overweight” call on the sector.

The trust's unchanged target price of $3.25, assumes a target yield of close to 4.0%.

The target completion for the proposed acquisition is expected to happen in the first quarter of 2021.

“Fears of a worst-case scenario seem to have overshot lockdown reality, with less earnings misses and higher earnings per share (EPS) upgrades in 2Q20. Progressive ramp up of regional economic activity in 2H20 has potential to strengthen these trends."

As Mapletree Industrial Trust says goodbye to one of its assets, it is still on track towards a positive growth

Mapletree Industrial Trust still a 'buy' on rising hi-tech asset investments and overseas diversification

Mapletree Industrial Trust (MIT) has weathered the brunt of Singapore’s circuit breaker earlier this year and is now riding on digital tailwinds, thanks in part to its “cautious stance” in cash management, say DBS Group Research analysts.

In a webinar held by The Edge Singapore and EdgeProp on July 11, Wong Yew Kiang, head of research at CLSA, gave a quick rundown of the Singapore REIT (S-REIT) sector and his view on virus-resistant REITs.

The issue price has also been fixed at $2.800 per new unit, the top end of the issue price range. The upsize option was also exercised in full.

Following the announcement of its acquisition, the manager of Mapletree Industrial Trust (MINT) stated that it has launched a proposed private placement of 128.1 new units at an issue price of between $2.732 and $2.800 per new unit.