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What's next for Mapletree Industrial Trust after 'another excellent quarter'?

Michelle Zhu
Michelle Zhu1/24/2018 11:47 AM GMT+08  • 2 min read
What's next for Mapletree Industrial Trust after 'another excellent quarter'?
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.   
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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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