- Mapletree Industrial Trust reported DPU of 3.37 cents for 2QFY25 (+1.5% y-o-y), which is in line with our expectations.
Broad-based growth across various asset types.
- - Read this at SGinvestors.io -
- Borrowing costs increased by 3% y-o-y. Distribution from JVs declined 15.5% due to higher borrowing costs as hedges are replaced at higher interest rates.
Commenced new lease with Vanderbilt University Medical Center.
- Occupancy for its Singapore portfolio was stable at 93.7% (hi-tech: 89.3%, business park: 80.6%, flatted factories: 97.7% and stack-up/ramp-up buildings: 98.2%). Committed occupancy at Mapletree Hi-Tech Park improved 1.0ppt q-o-q to 54.5% in 2QFY25.
- - Read this at SGinvestors.io -
Achieved healthy positive reversion in Singapore.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-01
Previous report by UOB:
2024-10-03 Mapletree Industrial Trust - Further Expansion In Japan With Potential For Redevelopment.
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
