Mapletree Industrial Trust 3QFY26 - UOB Kay Hian 2026-01-30: Persistent Weakness From North America

• Mapletree Industrial Trust (SGX:ME8U) reported DPU of 3.17 cents for 3QFY26 (-7% y-o-y), which is in line with our expectation. Excluding distribution of divestment gain from Tanglin Halt Cluster of S$3.4m in 3QFY25, Mapletree Industrial Trust's DPU declined by a smaller 3.9% y-o-y.

Confronting multiple headwinds.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Singapore: Maintained healthy positive rental reversion.

• Mapletree Industrial Trust achieved a positive rental reversion of 7.1% for its Singapore portfolio in 3QFY26 (hi-tec & business space: 7.0% and general industrial: 7.4%). The average rental rate for its Singapore portfolio eased 1.3% y-o-y to S$2.25psf per month due to full-quarter impact of the divestments.
• Committed occupancy at Mapletree Hi-Tech Park @ Kallang Way improved 0.7ppt q-o-q to 65.1%. Portfolio occupancy for Singapore was stable at 93%.

North America: Prioritising signing of long leases.

• 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/.

Previous report by UOB:
2025-11-03 Mapletree Industrial Trust 2QFY26 - Confronting Multiple Headwinds; Planning To Downsize North America PC Portfolio.

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