DBS analysts Derek Tan and Dale Lai have maintained their “buy” recommendation on Mapletree Industrial Trust (MINT) with an unchanged target price of $3.25, which assumes a target yield of close to 4.0%.

The report, dated September 15, came a day after the trust announced that it has acquired a data centre and office in Virginia in the US.

“We view that MINT has continued to deliver on its consistent strategy to deliver improved earnings visibility and stability to unitholders (weighted average lease expiry or WALE extended to 4.3 years vs 4.2 years currently),” says Tan and Lai.

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