Mapletree Logistics Trust - UOB Kay Hian 2025-01-03: Weighted Down By Exposure To Greater China

• We remain concerned about Mapletree Logistics Trust’s exposure to China as a high vacancy rate of 21.5% continues to exert downward pressure on rents.
• Demand could further weaken if the US-China trade conflict resurfaces and intensifies. Fortunately, weakness in China is offset by positive rental reversion in Singapore and Australia.

Rents on a downward trend in China.

• - Read this at SGinvestors.io -
• According to CBRE Group (CBRE), on a nation-wide basis, rents for logistics space declined 3% q-o-q and 6.4% year-to-date in 3Q24.

Limited exposure to South China.

• - Read this at SGinvestors.io -
• According to CBRE, the nationwide vacancy rate remained elevated at 21.5% in 3Q24.

Tier 2 cities in China suffered negative rental reversion.

• 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:
2025-01-23 Mapletree Logistics Trust - Cautious Stance In View Of Upcoming Uncertainties.

Price targets by 2 other brokers at Mapletree Logistics Trust Target Prices.

Listing of research reports at Mapletree Logistics Trust Analyst Reports.

Relevant links:
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Mapletree Logistics Trust Dividend Payout Dates & Corporate Actions,
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