Mapletree Industrial Trust (MINT)

Rollin’ good times for data centre REITs - THE EDGE SINGAPORE

REITs

Rollin’ good times for data centre REITs

Demand for data centres and data centre REITs are hot and the S-REIT scene is about to get hotter with new Digital Core REIT.
UOB Kay Hian maintains 'buy' call on MINT, lifts TP to $3.72 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian maintains 'buy' call on MINT, lifts TP to $3.72

The FY22F and FY23F DPU forecast is also raised by 1% and 3% respectively
Mapletree Industrial Trust posts 11.9% higher DPU for 2Q21/22, driven by contributions from US portfolio acquisition - THE EDGE SINGAPORE

Results

Mapletree Industrial Trust posts 11.9% higher DPU for 2Q21/22, driven by contributions from US portfolio acquisition

Gross revenue and net property income grew by 50.5% and 47.4% y-o-y to $155.6 million and $120.3 million respectively.
Analysts positive on MINT's 1Q22 results, deems it 'good start' to the new FY - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on MINT's 1Q22 results, deems it 'good start' to the new FY

The analysts -- with the exception of OCBC -- have upped their target price estimates starting from $3.16.
Mapletree Industrial Trust posts 16.7% higher DPU for 1Q21/22 from contributions from North American data centres - THE EDGE SINGAPORE

Results

Mapletree Industrial Trust posts 16.7% higher DPU for 1Q21/22 from contributions from North American data centres

Distributable amount for the quarter stood 17.2% higher y-o-y at $82.7 million.
Mapletree Industrial Trust closes $513 mil private placement, sets preferential offering issue price at $2.64 - THE EDGE SINGAPORE

Equity raising

Mapletree Industrial Trust closes $513 mil private placement, sets preferential offering issue price at $2.64

The REIT will receive about $823 mil in total gross proceeds from the equity fund raise.
Mapletree Industrial Trust seeks to raise $800 mil via private placement and preferential offering - THE EDGE SINGAPORE

Equity raising

Mapletree Industrial Trust seeks to raise $800 mil via private placement and preferential offering

$726.5 mil of the proceeds will be used to partially finance the acquisition of a portfolio of US data centres.
Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil - THE EDGE SINGAPORE

REITs

Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil

The manager of MINT says the acquisition will be financed via proceeds from an equity fundraising and debt.
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