- Mapletree Industrial Trust (MINT) reported DPU of 3.09 cents for 4QFY26 (-8% y-o-y), which was in line with our expectation. Excluding the S$3.4m divestment gain distribution from the Tanglin Halt Cluster in 4QFY25, DPU declined by a smaller 4.9% y-o-y.
Adopting defensive posture as headwinds intensify.
- - Read this at SGinvestors.io -
- non-renewals of leases for its data centres in North America, and
- the depreciation of US dollar and Japanese yen by 4.2% and 9.5% y-o-y respectively against the Singapore dollar.
- The decline was partially offset by the final phase of fitting-out works at the Osaka Data Centre (completion: 2 May 25).
Singapore: Broad-based positive rental reversion.
- - Read this at SGinvestors.io -
- Committed occupancy at Mapletree Hi-Tech Park @ Kallang Way improved 0.4ppt q-o-q to 65.5%.
North America: Confronting near-term leasing headwinds.
- Read more at SGinvestors.io.
