Mapletree Industrial Trust - OCBC Group Research 2026-01-29: Pressure On Occupancy To Continue

• Mapletree Industrial Trust’s 3QFY26 gross revenue and net property income (NPI) dipped 8.0% and 7.8% y-o-y to S$163.1m and S$122.8m respectively. This was driven by weaker contributions from its North America portfolio as a result of lower occupancy y-o-y and depreciation of US$ against S$, coupled with absence of income from the divestment of three industrial properties in Singapore in August 2025.

3QFY26 fell 7.0% y-o-y to 3.17 Singapore cents but met our expectations.

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

Slight uplift in portfolio occupancy and solid rental reversions in Singapore.

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Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-10-30 Mapletree Industrial Trust - Weaker DPU But Healthier Balance Sheet.

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