Mapletree Industrial Trust (MINT)

STI continues to strengthen but no sign of breakout

(Dec 13): The Straits Times Index has staged a rebound during the week, and is now facing resistance at its flattening 200-day moving average at 3,224.

Chart 1: STI with moving averages and momentum

3 potential S-REIT mergers to watch out for: UOB Kay Hian

SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.

See: Size matters: UOB Kay Hian stays buoyant on Singapore REITs sector amid flurry of M&As

Mapletree Logistics Trust added to STI; Golden Agri-Resources dropped

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a December quarterly review, FTSE Russell announced on Dec 5.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be, in order of size, Suntec REIT, Mapletree Industrial Trust, Keppel REIT, Mapletree North Asia Commercial Trust and NetLink NBN Trust.

Mapletree Industrial Trust emerging as data centre play; target price raised by 10%

SINGAPORE (Sept 25): DBS Group Research is keeping its “buy” call on Mapletree Industrial Trust (MINT) and raising its target price by 10% to $2.75, as the REIT emerges as an alternative data centre play.

“We see MINT fast becoming an alternative data-centre play with recent strategic acquisitions into the US data-centre space together with its sponsor,” says lead analyst Derek Tan in a Wednesday report. 

Data is the new black gold

SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The IPO of state-owned oil company Saudi Aramco, already delayed multiple times, seemed likely to be pushed back again, amid major damage to its operations, which accounted for half of the kingdom’s oil production.

Yield-accretive data centres and offices spur DPU, NAV and AUM growth

SINGAPORE (Sept 23): Since the start of September, four real estate investment trusts and one business trust have announced equity raisings. So far this year, S-REITs have raised more than $3 billion in equity fundraisings, excluding REIT IPOs (see Table 1).

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Mapletree Industrial Trust gaining growth momentum with latest US1.4 bil data centre acquisition

SINGAPORE (Sept 19): Mapletree Industrial Trust (MINT) is poised to up its stability and growth following its acquisition of a US$1.37 billion ($1.88 billion) data centre portfolio in North America, says Maybank Kim Eng Research.

MINT and sponsor Mapletree Investments, which is wholly-own by Temasek Holdings, announced earlier this week that they are jointly acquiring 10 powered-shell data centres in the US and Canada from Digital Realty, as well as co-investing in three existing fully-fitted hyper-scale data centres.

There's more to Mapletree Industrial Trust's high-tech transformational strategy than meets the eye

SINGAPORE (Sept 13): Mapletree Industrial Trust’s strategy making high-tech buildings the focus of its properties portfolio is looking to be a ‘transformational’ move.

All 4 Mapletree REITs poised to thrive despite market uncertainties

SINGAPORE (Sept 11): Despite investors’ concerns over the impact of geopolitical events such as the US-China trade war and protests in Hong Kong, Mapletree’s suite of four real estate investment trusts seem well placed to turn the uncertainties to their advantage instead.

Market watchers believe all four Mapletree REITs – Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MINT), Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) – remain well positioned in the near term.

Data centres in demand as supply evaporates; units in KDC REIT and MINT continue their ascent

SINGAPORE (Sept 9): In the world of tech, when you use the cloud, you are simply storing your data and programs on the internet instead of in your computer. For example, data from your Facebook, Instagram or Gmail accounts are stored in the cloud, which is located in data centres.

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