SINGAPORE (Jan 24): DBS Vickers Securities is reiterating its “buy” rating on Mapletree Industrial Trust (MIT) with a target price of $2.15, after its manager reported what the research house sees as “another excellent quarter” for 3Q18.
See: Mapletree Industrial Trust posts 1.8% increase in 3Q DPU to 2.88 cents
In a Wednesday report, lead analyst Derek Tan notes positive revenue and net property income (NPI) growth over the latest quarter, with distributable income boosted by a partial quarter contribution from the recent acquisition of a 40% stake in a portfolio 14 data centres in the US.
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