Mapletree Industrial Trust - UOB Kay Hian 2023-05-02: 4QFY23 Resilient Performance Despite Cautious Outlook

• Gross rental rate for Singapore edged higher by 0.5% q-o-q to S$2.16psf/month in 4QFY23 (Jan to Mar 2023). Occupancy for Mapletree Industrial Trust's data centres in North America improved slightly by 0.6ppt q-o-q to 93.7%, while valuation remained stable.
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• Mapletree Industrial Trust provides FY23 distribution yield of 5.7%, which is in line with that of peers (Digital Core REIT: 8.8% and Keppel DC REIT: 4.7%). Maintain BUY. Target price: S$2.82.

Mapletree Industrial Trust's 4QFY23 Results

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Resiliency from stable occupancies.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-12 Mapletree Industrial Trust - Weathering The Bumpy Ride.

Previous report by UOB:
2025-01-24 Mapletree Industrial Trust - Average Rents Inching Higher In Both Singapore & The US.

Price targets by other brokers at Mapletree Industrial Trust Target Prices.

Listing of research reports at Mapletree Industrial Trust Analyst Reports.

Relevant links:
Mapletree Industrial Trust Share Price History,
Mapletree Industrial Trust Announcements,
Mapletree Industrial Trust Dividend Payout Dates & Corporate Actions,
Mapletree Industrial Trust News