Mapletree Industrial Trust

Re: Mapletree Industrial Trust

Postby winston » Thu Oct 27, 2011 12:51 pm

not vested

RESEARCH ALERT-UBS cuts Mapletree Industrial target price

SINGAPORE, Oct 27 (Reuters) - UBS has cut its target price for Singapore's Mapletree Industrial Trust , which owns factories and other industrial assets, to S$1.32 from S$1.36 and kept its buy rating.

STATEMENT: Mapletree Industrial reported a second quarter distribution per unit (DPU) of 2.05 Singapore cents, which was above UBS' expectations, helped by increases in rents for its leases.

UBS has raised its fiscal 2012 DPU estimate for Mapletree Industrial by 3 percent, to account for the strong results, but cut its DPU estimates for 2014 and 2015 by 1 percent each.

"However, as we now expect market rents in the industrial sector to decline by 5-10 percent next year," said UBS in a report.

At 0331 GMT, shares of Mapletree Industrial were flat at S$1.135, and have gained 4.7 percent since the start of the year.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Fri Jan 27, 2012 10:10 am

not vested

Singapore's Mapletree Industrial Trust announced on Thursday a distribution per unit of 2.16 Singapore cents for its third quarter, beating its IPO forecast by 14.9 percent, mainly due to higher portfolio occupancy and positive rental revisions.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Wed Apr 25, 2012 8:58 am

not vested

Mapletree Industrial Trust, which owns factories and other industrial assets, said its fourth quarter distribution per unit rose 15 percent from a year ago to 2.22 Singapore cents, helped by higher rents and strong occupancy rates.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Mon Jun 11, 2012 11:11 am

not vested

Mapletree Industrial Trust:Stable Yield, Steady Growth

Mkt Cap USD1.5b
ADTV USD3.1m

MIT’s portfolio is well diversified with a strong occupancy rate of 94.9% and lease expiry profile of 2.5 years. Looking ahead, performance should be relatively stable given that 18-30% of its flatted factory rents are still below market rates and 23.2% of topline is up for renewal in FY12/13.

Balance sheet is healthy with interest coverage ratio of 6.1x and aggregate leverage at 37.8%. This implies a debt headroom of SGD99-365m for additional growth initiatives based on guided target gearing levels of 40-45%.

Forward yields of 7.4-7.6% in FY12/13-13/14 look attractive, backed by pure-Singapore assets, a diversified portfolio and a strong sponsor. Further upside may come from acquisitions, build-to-suit projects and AEIs.

Source: Kim Eng
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Wed Jul 25, 2012 8:39 am

not vested

Mapletree Industrial Trust, which owns factories and other industrial assets, said its distribution per unit for April-June rose 14 percent to 2.26 Singapore cents, driven by positive rental revisions and stable occupancies.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Wed Oct 24, 2012 3:36 pm

not vested

CIMB raises Mapletree Industrial target price

CIMB Research raised its target price for Mapletree Industrial Trust , which owns factories and other industrial assets, to S$1.51 from S$1.31 and kept its 'neutral' rating, citing higher margins.

By 0253 GMT, units of Mapletree Industrial were flat at S$1.395, and have surged 30 percent since the start of the year, compared with the FTSE ST Real Estate Investment Trust's <.FTFSTAS8670> 34 percent rise.

Mapletree Industrial said its distribution per unit for the second quarter was 2.29 Singapore cents, 11.7 percent higher than the year-ago period, due to contributions from acquisitions, higher rents and improving margins.

CIMB said the trust has stronger capital management, as it issued a S$45 million 10-year fixed rate note that lengthened average debt tenure to 3.2 years from 2.7 years, yet borrowing cost fell to 2.3 percent from 2.5 percent.

However, CIMB noted that its current price to book value of 1.4 times is among the highest in the sector, and has likely priced in growth potential.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby winston » Thu Oct 25, 2012 10:02 am

not vested

Mapletree Industrial Trust (MINT SP) – 2QFY13: Strong Portfolio Reversions But Some Vacancy Risks Ahead

(BUY/S$1.40/Target: S$1.55)
FY13F PE (x): 16.0
FY14F PE (x): 15.4


Results slightly above expectations. Mapletree Industrial Trust (MIT) reported a 2QFY13 distributable income of S$37.5m (+18.4% yoy, +1.6% qoq) and a DPU of 2.29 S cents (+11.7% yoy, +1.3% qoq).

The DPU of 4.55 S cents for 1HFY13 is slightly above expectations, accounting for 52.9% of our full-year estimates.


Maintain HOLD with a higher target price of S$1.55 (from S$1.52). We use the Dividend Discount Model (required rate of return: 7.1%, terminal growth: 2.0%) to value MIT. Entry price is at S$1.35.


Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

Re: Mapletree Industrial Trust

Postby behappyalways » Thu Oct 26, 2017 6:42 pm

mapletree-industrial-trust-jv-acquire-14-data-centres-us-102-bil
https://www.theedgesingapore.com/maplet ... us-102-bil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 25772
Joined: Wed Oct 15, 2008 4:43 pm

Re: Mapletree Industrial Trust

Postby behappyalways » Tue Feb 12, 2019 6:53 pm

Mapletree Industrial Trust announces private placement to raise at least $175 mil
https://www.theedgesingapore.com/maplet ... st-175-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 25772
Joined: Wed Oct 15, 2008 4:43 pm

Re: Mapletree Industrial Trust

Postby winston » Sun Aug 25, 2019 9:17 am

not vested

Mapletree Industrial Trust

Mapletree Industrial Trust (SGX: ME8U), or MIT, is a REIT that invests in industrial properties.

Its portfolio comprises 87 industrial properties in Singapore and 14 data centres in the United States.

The REIT had total assets under management of around S$4.8 billion as of 30 June 2019.

The chart above shows how distribution per unit (DPU) for the REIT has consistently increased over the years, including the most recent Q1 2019/2020.

With a strong sponsor in Mapletree Investments Pte Ltd and high occupancy rates of 90.8%, the REIT offers both stability and safety.

With a redevelopment project coming up in the Kolam Ayer precinct, investors can look forward to higher DPU in the years ahead.

The units currently offer a 5.4% distribution yield that is paid quarterly.

Source: Motley Fool
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 108837
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 3 guests

cron