SINGAPORE (Dec 16): CIMB is maintaining its “hold” call on Mapletree Logistics Trust (MLT) at a higher target price of $1.02 from 99 cents previously.
This comes on the back of new accretive acquisitions and redevelopment projects to counterbalance organic portfolio weakness.
The Asia-focused logistics REIT recently announced it was acquiring four logistics properties in Victoria, Australia – adding 103,517 sqm of gross floor area (GFA) to almost double its existing Australia GFA.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)