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MIT kept at 'neutral' on headwinds from vacancies and negative reversions

Samantha Chiew
Samantha Chiew7/26/2018 04:21 PM GMT+08  • 3 min read
MIT kept at 'neutral' on headwinds from vacancies and negative reversions
SINGAPORE (July 26): Phillip Capital is maintaining Mapletree Industrial Trust (MIT) at “neutral” with a target of $2.09 given headwinds from vacancies and negative reversions in the industrial sector.
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SINGAPORE (July 26): Phillip Capital is maintaining Mapletree Industrial Trust (MIT) at “neutral” with a target of $2.09 given headwinds from vacancies and negative reversions in the industrial sector.

However, contribution from inorganic sources such as the US data centres JV and and Mapletree Sunview 1 were enough to offset organic weakness.

On Tuesday, MIT's manager reported 1Q19 DPU increased by 2.7% to 3.0 cents from 2.92 cents in 1Q18.

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