SINGAPORE (Jan 23): Analysts are raising their target prices on Mapletree Industrial Trust (MINT), after the REIT showed steady growth in its latest set of results, underpinned by its new revenue contributions from acquisitions and development projects.

Following the REIT’s results announcement on Jan 21, all three brokerage reports spotted by The Edge Singapore – by CGS-CIMB Research, Maybank Kim Eng Research, and OCBC Investment Research – saw higher fair values estimates for MINT. 

MINT reported a distribution per unit (DPU) of 3.16 cents for 3Q20 ended December, some 2.9% higher than 3.07 cents last year. 

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