Mapletree Logistics Trust (MLT)

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 ...
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 ...