Mapletree Industrial Trust (MINT)

Upon completion of the proposed acquisition, MINT will hold a 100% interest in the 14 data centres. Its assets under management will also increase to $6.6 billion from $5.9 billion as at March 31.

This REIT just got an upgrade by CGS-CIMB

The brokerage notes that MINT has been improving portfolio quality through strategic moves in the data centre space. Analysts are positive on acquisitions such 18 Tai Seng, Paya Lebar iPark and two portfolios of data centers in the US.

The manager of Mapletree Industrial Trust (MINT) has reported a distribution per unit (DPU) of 2.85 cents for the 4QFY19/20 ended March, down 7.5% y-o-y.

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.

If you are new to the stock market, real estate investment trusts, or REITs, are a good place to start.

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

(Dec 13): The Straits Times Index has staged a rebound during the week, and is now facing resistance at its flattening 200-day moving average at 3,224.

SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a December quarterly review, FTSE Russell announced on