Home Capital Broker's Calls

Analysts mixed on Mapletree Industrial Trust’s data centre acquisition in US

Felicia Tan
Felicia Tan6/24/2020 04:43 PM GMT+08  • 4 min read
Analysts mixed on Mapletree Industrial Trust’s data centre acquisition in US
CGS-CIMB Research has downgraded the stock to "hold" while Maybank has maintained its "buy" call.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 24): Analysts are mixed on their outlook for Mapletree Industrial Trust (MIT) following the REIT’s Wednesday announcement that it will be acquiring the remaining 60% interest in data centres in the US at a purchase consideration of US$210.9 million (S$299.5 million).


See: Mapletree Industrial Trust to acquire remaining 60% interest in 14 data centres in US for $299.5 mil

The deal will further expose MIT’s exposure to the more resilient data centre segment, which will enable MIT to future-proof its portfolio for a more digital economy. The acquisition also exposes MIT to the US, the world’s largest data centre market.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.