Mapletree Logistics Trust - Ramping Up Inorganic Growth
MAPLETREE LOGISTICS TRUST (SGX:M44U)
- Mapletree Logistics Trust (SGX:M44U)'s 1HFY22 (Apr 2021 to Sep 2021) DPU of S$0.04334 is in line with expectations, at 50.3% of our FY22F forecast.
- Stable occupancy with stronger q-o-q reversions, active acquisition pipeline.
- We tweak our FY22-24F DPU estimates up by 0.16-0.76%, to factor in the recently announced new acquisitions. Accordingly, our DDM-based target price for Mapletree Logistics Trust is lifted slightly to S$2.11.
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/.
LOCK Mun Yee CGS-CIMB Research | EING Kar Mei CFA CGS-CIMB Research | https://www.cgs-cimb.com 2021-10-25
Read also CGS-CIMB's most recent report:
2022-10-26 Mapletree Logistics Trust - 2QFY23 Results In Line.
Previous report by CGS-CIMB:
2022-07-21 Mapletree Logistics Trust - Staying Resilient Despite Uncertainties.
Price targets by other brokers at Mapletree Logistics Trust Target Prices.
Listing of research reports at Mapletree Logistics Trust Analyst Reports.
Relevant links:
Mapletree Logistics Trust Share Price History,
Mapletree Logistics Trust Announcements,
Mapletree Logistics Trust Dividends & Corporate Actions,
Mapletree Logistics Trust News Articles
