Mapletree Commercial Trust - CGS-CIMB Research 2021-10-26: Improving But Not Out Of The Woods

Mapletree Commercial Trust - Improving But Not Out Of The Woods

MAPLETREE COMMERCIAL TRUST (SGX:N2IU) | SGinvestors.ioMAPLETREE COMMERCIAL TRUST (SGX:N2IU)
  • Mapletree Commercial Trust (SGX:N2IU)’s 1HFY22 revenue of S$243.7m (+11.5% y-o-y) was driven by higher contribution across all properties. Lower rental rebate drove 1HFY22 DPU to S$0.0439 (+5.3% y-o-y).
  • Portfolio chalked +2.3% rental reversion and higher occupancy q-o-q.
  • Reiterate HOLD call on Mapletree Commercial Trust. We like its quality assets but looks priced in at ~4.5% yield.




Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.




EING Kar Mei CFA CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2021-10-26
SGX Stock Analyst Report HOLD MAINTAIN HOLD 2.320 SAME 2.320




Read also CGS-CIMB's most recent report:
2022-10-31 Mapletree Pan Asia Commercial Trust - Recovering Well In 1HFY23

Target prices by 2 other brokers at Mapletree Pan Asia Commercial Trust Target Prices.
Listing of broker reports at Mapletree Pan Asia Commercial Trust Analyst Report.

Relevant links:
Mapletree Pan Asia Commercial Trust Share Price History,
Mapletree Pan Asia Commercial Trust Announcements,
Mapletree Pan Asia Commercial Trust Dividends & Corp Actions,
Mapletree Pan Asia Commercial Trust News Articles





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