- 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 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/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-01
Read also UOB's most recent report:
2026-05-05 Mapletree Industrial Trust - Watershed FY27 With Sizeable Non-renewals.
Previous report by UOB:
2026-01-30 Mapletree Industrial Trust 3QFY26 - Persistent Weakness From North America.
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 Dividend Payout Dates & Corporate Actions,
Mapletree Industrial Trust News
