Mapletree Industrial Trust - UOB Kay Hian 2023-10-09: Expansion In Japan Supported By Asset Cycling In Singapore

• Mapletree Industrial Trust has successfully expanded to Japan’s data centre market. It plans to recycle assets in Singapore through divestment of business park and light industrial buildings to finance the enlargement of scale in Japan.
• - Read this at SGinvestors.io -

Strategic diversification to Japan’s data centre market.

• Mapletree Industrial Trust (SGX:ME8U) is acquiring an effective interest of 98.5% in a newly-built data centre in Osaka, Japan for ¥52.0b (S$507.9m).
  • The multi-storey data centre is in close proximity to the prime central business district in downtown Osaka. Japan will account for 5.5% of its portfolio valuation after the acquisition.
  • - Read this at SGinvestors.io -
  • The fully-fitted data centre is fully leased to an established data centre operator with a weighted average lease to expiry (WALE) of 20 years.
• Mapletree Industrial Trust’s portfolio WALE weighted by gross rental income is expected to increase from 3.9 years to 4.5 years. The property has NLA of 136,900sf and a 70-year land lease commencing from 1 Oct 20.

On the lookout for acquisition of data centres.

• Read more at SGinvestors.io.

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:
2025-11-03 Mapletree Industrial Trust 2QFY26 - Confronting Multiple Headwinds; Planning To Downsize North America PC Portfolio.

Previous report by UOB:
2025-05-05 Mapletree Industrial Trust 4QFY25 - Addressing Potential Non-renewal Of Leases For Data Centres.

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