Mapletree Logistics Trust (MLT)

MapletreeLog consolidates its stronghold in Singapore
SINGAPORE (Oct 9): OCBC Investment Research continues to rate Mapletree Logistics Trust (MLT) a “buy” with a target price of $1.37. This came on the back of the trust completing its acquisition of a portfolio of five modern ramp-up logistics properties in Singapore from CWT on Sept 28, following relevant approvals and successful private placement exercise. See: MLT enters into ...
Mapletree Group of REITs are gaining strong investor interest
SINGAPORE (Oct 1): “Nimble and decisive in executing their growth strategy and supported by a Sponsor with strong firepower, the Mapletree Group of REITs have been one of the more active S-REITs over the past 12 months, acquiring close to $3.1 billion in assets in Singapore, Hong Kong, China, Japan and the US,” say DBS analysts Derek Tan, Mervin Song and Carmen Tay in a Monday report. The ...
Mapletree Logistics Trust to divest Bukit Batok property to Vicom for $22.4 mil
SINGAPORE (Sept 4): Mapletree Logistics Trust (MLT) is divesting its property on 531 Bukit Batok Street 23 to Setsco Services, subsidiary of Vicom, for a consideration of $22.4 million. Vicom intends for the property to replace Setsco Services’ current premises at Teban Gardens Crescent, which has been zoned for redevelopment under the Singapore government’s plans for the Jurong Lake ...
Flight to safety driving investor interest in SREITs
SINGAPORE (Aug 24): There has been good interest in SREITs over the last couple of months with the sector bouncing 4.6% from the lows in June, says DBS Group Research. The rebound was due to property funds switching from developers due to the additional property cooling measures in Singapore and generalist funds seeking yield given the uncertain macro backdrop arising from the trade war ...
Improved earnings prospects to translate into higher valuations for MapletreeLog
SINGAPORE (July 25): Analysts are remaining positive on Mapletree Logistics Trust (MLT) following the trust’s recent 1Q19 earnings announcement. MLT recorded a 3.7% rise in 1Q19 DPU to 1.957 cents, compared to 1Q18 DPU of 1.887 cents. Gross revenue for the quarter was 10.1% higher at $105.4 million from $95.8 million last year, which brought net property income (NPI) to $89.8 million, ...
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 ...
MLT enters into sale-and-leaseback agreement for 5 local logistics properties worth $778.3 mil
SINGAPORE (July 5): Mapletree Logistics Trust (MLT) is acquiring five logistics properties in Singapore for $778.3 million in a sale-and-leaseback deal. The vendor is CWT, a Hong Kong-listed subsidiary of HNA, the debt-laden Chinese conglomerate whose founder fell to his death while sightseeing in southern France on Tuesday. Upon completion of the deal, the properties will be 100% leased ...
US-China trade spat to have limited impact on Mapletree Logistics Trust's earnings, says OCBC
SINGAPORE (June 21): OCBC Investment Research is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a lower fair value estimate of $1.34 compared to $1.44 previously, after raising its discount rate assumption to 8.2% from 7.8%. This stems from OCBC adopting a more conservative stance on the REIT, in view of uncertainties and negative sentiment surrounding ongoing ...
What a bigger foothold in China means for Mapletree Logistics Trust
SINGAPORE (Apr 30): OCBC Investment Research is maintaining its “buy” recommendation on Mapletree Logistics Trust (MLT) with a lower fair value of $1.44 from $1.48 previously to account for a lower distribution of divestment gains from 7 Tai Seng Drive. This comes post the release of the REIT’s 4Q18 results, which met the research house’s expectations for both the quarter and full ...
Mapletree Logistics Trust to acquire 50% stake in 11 logistics properties in China from sponsor for $205 mil
SINGAPORE (Apr 26): The manager of Mapletree Logistics Trust (MLT) announced Thursday the proposed acquisition of a 50% indirect interest in each of 11 logistics properties in China from its sponsor for a total price of approximately RMB 985.3 million ($205.3 million). The remaining 50% interest in the properties will be held by subsidiaries of the sponsor of MLT, Mapletree Investments. The ...