Mapletree Logistics Trust (MLT)

S-REITs poised to ride on wings of dovish Fed
SINGAPORE (Feb 11): DBS Group Research is keeping its “overweight” rating on Singapore REITs following more dovish comments from the US Federal Reserve. In a statement on Jan 30, the US central bank said it “will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate”. Notably, the Fed also discarded its promise of ...
Mapletree Logistics Trust's portfolio showing signs of resilience
SINGAPORE (Jan 25): UOB Kay Hian is reiterating its “hold” recommendation on Mapletree Logistics Trust (MLT) with a target price of $1.39. Similarly, Maybank Kim Eng has a “hold” call on CCT, while OCBC Investment Research has a “buy” call. See: MapletreeLog sees strong 3Q19 results as rental reversions gather pace This came on the back of MLT on Monday announcing a 5.0% ...
MapletreeLog sees strong 3Q19 results as rental reversions gather pace
SINGAPORE (Jan 23): Mapletree Logistics Trust (MLT) reported 3Q19 gross revenue and Net Property Income (NPI) jumped 23% and 25.9% y-o-y to $120.8 million and $104.5 million, respectively. This was driven by organic growth, contribution from the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1 and acquisitions. DPU grew at a smaller 5% y-o-y to 2.002 cents as a result of ...
Mapletree Logistics Trust posts 5.0% increase in 3Q DPU to 2.002 cents
SINGAPORE (Jan 21): The manager of Mapletree Logistics Trust (MLT) recorded a 5.0% increase in its 3Q18/19 DPU to 2.002 cents, compared to 1.907 cents in 3Q17/18. This brings 9M18/19 DPU to 5.917 cents, 4.2% higher than 5.681 cents in 9M17/18. The trust posted gross revenue of $120.8 million in 3Q18/19, 23.0% higher than $98.2 million a year ago, mainly attributed to higher revenue from ...
Focus on domestic consumption helps MapletreeLog mitigate trade conflict impact
SINGAPORE (Jan 11): UOB Kay Hian is reiterating its “hold” call on Mapletree Logistics Trust (MLT) with a higher target price of $1.39 from $1.36 previously and recommends an entry price of $1.26. In a Friday report, analyst Jonathan Koh says, “We expect MLT to register positive rental reversion of 2-3% on a portfolio-wide basis for FY19 driven by Hong Kong, China and Vietnam.” In ...
REITs remain a safe defensive bet for 2019: DBS
SINGAPORE (Dec 19): DBS Research is expecting Singapore REITs (S-REITs) to deliver DPU growth in 2019. DBS, which has an “overweight” rating on the S-REITs sector, expects investors to gravitate towards the retail and industrial sectors in 2019, due to the heightened risk surrounding demand for office space and hotel rooms arising from the ongoing trade war and risk of near-recession ...
This undervalued REIT's acquisition spree has only just begun, according to DBS
SINGAPORE (Dec 7): DBS Vickers Securities reiterates its “buy” call on Mapletree Logistics Trust (MLT) with a target price of $1.50, which is derived based on an assumed 3% risk free and 50bps higher funding costs than current levels. The research house’s target price is notably above the consensus average of $1.35, as it believes the street has yet to factor in improved fundamentals ...
Mapletree Logistics Trust acquiring Seoul warehouses for $46 mil
SINGAPORE (Nov 8): Mapletree Logistics Trust is acquiring Wonjin Logistics Centre, a logistics property in South Korea, for KRW37.85 billion ($46.4 million). The property comprises two blocks of multi-tenanted dry warehouses with a total gross floor area (GFA) of about 29,325 sqm and land area of 31,055 sqm. It is located in Gyeonggi-do which is popular with third-party logistics service ...
MapletreeLog kept at 'buy' with $1.50 target by DBS acquisitions
SINGAPORE (Oct 23): DBS Group Research is maintaining Mapletree Logistics Trust (MLT) at “buy” with $1.50 target price. DBS says 2018 has been an exceptional year in terms of acquisitions, with MLT acquiring close to $1 billion of properties. In a Tuesday report, lead analyst Derek Tan says he sees an improved quality in portfolio after the acquisition of five warehouses in Singapore, ...
MapletreeLog declares 3.8% higher 2Q DPU of 1.958 cents on organic growth
SINGAPORE (Oct 22): The manager of Mapletree Logistics Trust (MLT) announced 2Q19 amount distributable to unitholders rose 32.5% year-on-year to $63.9 million while DPU grew 3.8% to 1.958 cents, on an enlarged unit base. Revenue for 2Q19 rose 13.8% year-on-year to $106.6 million while net property income (NPI) grew 14.6% to $90.2 million. Mapletree Logistics Trust Management says the robust ...