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Analysts positive on MINT after better 1Q results, but DBS lowers TP

Lim Hui Jie
Lim Hui Jie4/27/2022 01:59 PM GMT+08  • 6 min read
Analysts positive on MINT after better 1Q results, but DBS lowers TP
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Analysts from five brokerages have mantained their "buy" or "add" calls on Mapletree Industrial Trust (MINT), although DBS Group Research, OCBC Investment Research and Maybank have lowered their target prices on the stock.

This comes after the REIT reported a 10% y-o-y increase in its distribution per unit (DPU) of 13.8 cents for the FY2022 ended March.

The REIT also reported an increase of 36.4% and 34.5% in gross revenue and net property income to $610.1 million and $472.0 million respectively.

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