- 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 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/ 2025-01-03
Previous report by UOB:
2024-10-24 Mapletree Logistics Trust 2QFY25 - Negative Double-digit Rental Reversion In China.
Price targets by 2 other brokers at Mapletree Logistics Trust Target Prices.
Listing of research reports at Mapletree Logistics Trust Analyst Reports.
Relevant links:
Mapletree Logistics Trust Share Price History,
Mapletree Logistics Trust Announcements,
Mapletree Logistics Trust Dividends & Corporate Actions,
Mapletree Logistics Trust News Articles
