- 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 the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybank-ke.com.sg/ 2023-06-06
Read also Maybank's most recent report:
2024-01-28 Mapletree Industrial Trust - Headwind From Us Datacentres.
Previous report by Maybank:
2023-10-30 Mapletree Industrial Trust - Slowing Momentum.
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 Dividends & Corporate Actions,
Mapletree Industrial Trust News Articles
