Mapletree Industrial Trust - Maybank Research 2023-06-06: Tenant Bankruptcy Adds To Headwinds, Maintain HOLD

• Mapletree Industrial Trust's announced that its 3rd largest tenant by gross rental income (GRI) has initiated bankruptcy proceedings in the US Court.
• The data centre tenant is a global co-location provider and accounts for 3.2% of Mapletree Industrial Trust’s GRI. Rent for May 2023 is partly due.
• - Read this at SGinvestors.io -
• We lower forecasts and our DDM-based target price for Mapletree Industrial Trust by 6% to S$2.30. Maintain HOLD.

Data centre tenant initiates bankruptcy proceedings

• - Read this at SGinvestors.io -

Financial impact, sector read-through

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-01-24 Mapletree Industrial Trust - Stable Performance While Acquisition Supports Growth In Distribution.

Previous report by Maybank:
2024-11-04 Mapletree Industrial Trust - Stable Performance; Result In Line.

Price targets by 2 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