- Mapletree Industrial Trust's DPU’s of S$3.37 cents for 2QFY25 (-1.7% q-o-q/+1.5% y-o-y), including capital top-up, in line with consensus/our estimates. 1HFY25 revenue and NPI of S$356.7m and S$267m are +3.5%/+2.9% y-o-y.
- - Read this at SGinvestors.io -
- Management’s strategy is to improve occupancy of the North America portfolio during the re-leasing cycle.
Improving occupancy
- Mapletree Industrial Trust's occupancy edged up by 100bps in 2Q25, led by its North America data centres (+2.7ppt), Singapore light industrial assets (+1.9ppt), ramp-ups (+0.8ppt) and business park assets (+0.7ppt). AT&T extended its lease at 7337 Trade Street in San Diego by 17 months, albeit at a 20% lower rent.
- - Read this at SGinvestors.io -
Upcoming expiries
- 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://www.maybanktrade.com.sg/.
Li Jialin Maybank Research | https://www.maybank.com/ 2024-11-04
Previous report by Maybank:
2024-10-02 Mapletree Industrial Trust - Revived Animal Spirits; Upgrade To BUY.
Price targets by 3 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
