Mapletree Industrial Trust - UOB Kay Hian 2025-01-24: Average Rents Inching Higher In Both Singapore & The US

• Mapletree Industrial Trust reported DPU of 3.41 cents for 3QFY25 (+1.5% y-o-y), which is in line with our expectation.

Growth driven by acquisitions in Japan.

• - Read this at SGinvestors.io -
• Distribution declared by JV, Mapletree Rosewood Data Centre Trust in the US, declined 15% y-o-y due to higher borrowing costs as hedges were replaced at higher interest rates.

Broad-based growth across Singapore & North America.

• Mapletree Industrial Trust achieved positive rental revision of 9.8% for its Singapore portfolio in 3QFY25 (hi-tech: +5.4%, business park: +14.4%, flatted factories: +10.1% and stack-up/ramp-up: +8.6%).
• - Read this at SGinvestors.io -

Portfolio occupancy eased 0.8ppt q-o-q to 92.1%.

• 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:
2025-02-12 Mapletree Industrial Trust - Weathering The Bumpy Ride.

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