Mapletree Logistics Trust

Broker's Calls

DBS, calling Mapletree Logistics 'citadel of stability', maintains 'buy' call

DBS notes that MLT has been "fairly resilient" year to date
Mapletree Logistics Trust's 4Q2023 DPU unchanged, FY2023 DPU up 2.5%  - THE EDGE SINGAPORE

Results

Mapletree Logistics Trust's 4QFY2023 DPU unchanged, FY2023 DPU up 2.5%

Mapletree Logistics Trust's DPU in 4QFY2023 was unchanged while FY2023 DPU rose 2.5% including income support
Resilient DPU, stable valuations, faltering ICR  - THE EDGE SINGAPORE

REITs

Resilient DPU, stable valuations, faltering ICR

As DPUs inch ahead, and valuations remain stable, ICR appears to be challenged

Results

Mapletree Logistics Trust reports 3QFY2023 dpu of 2.227 cents, up 1.9%

Some 83% of its total debt had been hedged into fixed rates

REITs

Acquisitions a key ingredient of sector growth

Acquisitions have been a major ingredient in the growth of S-REITs
Analysts maintain 'buy' on MLT, although CGS-CIMB trims target price - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' on MLT, although CGS-CIMB trims target price

Analysts from four brokerages have maintained their ‘buy’ rating on MLT, although CGS-CIMB and OCBC has cut their target price.
MLT records 5% rise in DPU in 1QFY2023  - THE EDGE SINGAPORE

Results

MLT records 5% rise in DPU in 1QFY2023

MLT reports 5% y-o-y rise in DPU in 1QFY2023 to 2.268 cents due to accretive acquisitions, higher revenue from existing properties

REITs

Natural Cool receives demand from Mapletree Logistics Trust for rental arrears of $1.42 mil

It is in discussion with MLT to “work towards a mutually acceptable and amicable resolution to this matter.”

REITs

Mapletree Logistics Trust buys land parcels in Subang Jaya for RM65.6 mil

MLT plans to combine the land parcels and build Subang Jaya's "first mega modern logistics facility" costing RM500 mil
Maybank Kim Eng raises Mapletree Logistics Trusts' target price to $2.35 - THE EDGE SINGAPORE

Broker's Calls

Maybank Kim Eng raises Mapletree Logistics Trusts' target price to $2.35

Maybank Kim Eng expects MLT's portfolio occupancy rate to remain resilient
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