Mapletree Industrial Trust (MIT)

Mapletree Industrial Trust posts 4.4% rise in 4Q DPU to 3.08 cents
SINGAPORE (Apr 22): The manager of Mapletree Industrial Trust (MIT) has announced a weighted average distribution per unit (DPU) of 3.08 cents for the 4Q18/19 ended March, some 4.4% higher than DPU of 2.95 cents a year ago. This brings full-year DPU for FY18/19 to 12.16 cents, up 3.5% from DPU of 11.75 cents for FY17/18. 4Q18/19 gross revenue grew 9.3% to $98.8 million, from $90.4 million a ...
Mapletree Industrial Trust announces private placement to raise at least $175 mil
SINGAPORE (Feb 11): The manager of Mapletree Industrial Trust (MIT) has proposed a private placement to raise gross proceeds of at least $175 million to partly refinance the acquisition of 18 Tai Seng Street. Some $172.1 million, or 98.3% of the gross proceeds of the private placement, will go towards refinancing for the acquisition of the property, which was completed on Feb 1. The remaining ...
Mapletree Industrial Trust posts 6.6% increase in 3Q DPU to 3.07 cents on share of profit in JV
SINGAPORE (Jan 22): The manager of Mapletree Industrial Trust (MIT) announced a 3Q18/19 DPU of 3.07 cents, 6.6% higher compared to 2.88 cents in 3Q17/18. Amount available for distribution was 9% higher at $58.3 million from $53.5 million a year ago. Gross revenue for the quarter was 2.3% higher at $93.6 million from $91.5 million last year, largely due to contribution from Phase One of the ...
Will strong fundamentals shield Mapletree Industrial Trust from market headwinds?
SINGAPORE (Oct 25): DBS Vickers Securities and Maybank Kim Eng are remaining positive on the outlook of Mapletree Industrial Trust (MIT) post the release of its latest 2Q set of financials, which saw a marginal 0.3% y-o-y growth in quarterly DPU on rising contributions from the high-tech sector. The research houses reiterate their “buy” calls on the trust with target prices of $2.22 and ...
Mapletree Industrial reports 0.3% higher 2Q DPU of 3.01 cents on higher contributions
SINGAPORE (Oct 23): The manager of Mapletree Industrial Trust (MIT) announced DPU for 2Q19 ended Sept rose 0.3% year-on-year to 3.01 cents. This came on the back of a 4.9% y-o-y rise in distributable income for 2Q19 to $56.7 million due to contributions from development projects and income contribution from MIT’s 40% interest in the portfolio of 14 data centres in the United States. For ...
MIT kept at 'neutral' on headwinds from vacancies and negative reversions
SINGAPORE (July 26): Phillip Capital is maintaining Mapletree Industrial Trust (MIT) at “neutral” with a target of $2.09 given headwinds from vacancies and negative reversions in the industrial sector. However, contribution from inorganic sources such as the US data centres JV and and Mapletree Sunview 1 were enough to offset organic weakness. On Tuesday, MIT's manager reported 1Q19 DPU ...
Mapletree Industrial Trust posts 2.7% rise in 1Q DPU to 3 cents
SINGAPORE (July 24): The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago. Gross revenue grew 3% to $91.5 million from $88.8 million previously due to revenue contribution from Phase Two of the build-to-suit (BTS) project for HP Singapore and pre-termination compensation ...
Mapletree Logistics Trust kept at 'buy' by OCBC following strong start to FY19
SINGAPORE (July 24): OCBC Investment Research is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a fair value estimate of $1.34, after its manager posted a set of 1Q19 results which came in line with the research house’s expectations at 25.2% of FY19 forecasts. The research house continues to like MLT for the strong divestment gains it recorded in the latest quarter ...
Why a data centre at 7 Tai Seng Drive makes 'perfect sense' for Mapletree Industrial: DBS
SINGAPORE (Apr 30): DBS Vickers Securities is maintaining its “buy” call on Mapletree Industrial Trust (MIT) with a target price of $2.22, which has yet to price in the REIT’s potential acquisition of a warehouse at 7 Tai Seng Drive for $68 million from Mapletree Logistics Trust (MLT). In a Monday report, DBS lead analyst Derek Tan highlights that the property was valued at $69 million ...
Mapletree Industrial Trust reports 2.4% higher 4Q DPU of 2.95 cents
SINGAPORE (Apr 23): The manager of Mapletree Industrial Trust (MIT) reported 4Q18 distribution per unit of 2.95 cents per unit, 2.4% higher compared to 2.88 cents in 4Q17. This brings DPU for FY18 to 11.75 cents, 3.2% higher than the DPU of 11.39 cents for FY17. Amount available for distribution in 4Q18 was $55.5 million, 7.2% higher than the corresponding quarter last year mainly due to ...