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MapleTreeLog
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RexxarLoh
Member |
18-Aug-2022 10:45
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Hi all, Any updates on MLT? Seems to be relatively quiet these days. |
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Joelton
Supreme |
22-Jul-2022 14:57
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Mapletree Logistics Trust posts 5% rise in Q1 DPU to S$0.02268
MAPLETREE Logistics Trust (MLT) on Thursday (Jul 21) reported a distribution per unit (DPU) of S$0.02268 for the first quarter ended Jun 30, up 5 per cent from DPU of S$0.02161 in the year-ago period.
Amount distributable to unitholders rose 17.2 per cent to S$108.6 million in Q1.
Gross revenue was up 14.6 per cent to S$187.7 million net property income (NPI) nudged up 13.2 per cent to S$163.2 million.
The improved performance came mainly from higher revenue from existing properties and contributions from the acquisitions in China, South Korea, Japan, Vietnam, Malaysia and Australia, which were completed last year and in the first quarter of this year, said the manager.
The Q1 distribution will be payable on Sep 9, following the record date on Jul 29.
As at end-June, MLT&rsquo s portfolio comprised 185 properties with a total value of S$13 billion.
As at end-June, MLT&rsquo s gearing ratio was 37.2 per cent, and it had a well-staggered debt-maturity profile, with an average debt duration of 3.7 years.
In its outlook statement, the manager said the global economic environment remained highly uncertain because of Russia&rsquo s ongoing invasion of Ukraine, high inflation and rising interest rates.
Nevertheless, overall leasing demand for warehouse space has &ldquo stayed resilient&rdquo , supported by domestic consumption, e-commerce and inventory stockpiling, though customers are &ldquo generally cautious&rdquo about capacity expansion.
The manager&rsquo s focus in the months ahead is on driving revenue growth from the existing portfolio through proactive leasing efforts. It will also continue pursuing opportunities for DPU-accretive acquisitions, asset enhancements or divestment to enhance portfolio competitiveness and create value.
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HVRRVH
Elite |
21-Jul-2022 18:40
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DPU increase by around 5% YOY! Yes, we invested in reit to see increase in DPU. This MLT has been sold down from $2 to current level, not going to care [too much] as long as it keeps growing DPU! Always looking for price weakeness to add holding. | ||||
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paul1688
Veteran |
01-Jul-2022 13:58
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From UOBKH Analyst
Mapletree Logistics Trust (BUY/MLT SP/Target: S$2.08). ? MLT has conservatively hedged 79% of its borrowings to fixed rates. 10% of its borrowings are unhedged yen-denominated borrowings but JPY Policy Rate is expected to remain unchanged at -0.1%. This means that only 11% of its borrowings are exposed to rising interest rates (Singapore dollar: 5% and others (USD, AUD, CNH and INR): 6%). ? MLT has switched emphasis from acquisition to redevelopment projects. It has embarked on the redevelopment of 51 Benoi Road into a six-storey ramp-up logistics property with GFA of 865,000sf. It plans to amalgamate and redevelop two newly-acquired parcels of leasehold industrial properties and its existing Subang 3 and 4 properties at Subang Jaya, Selangor into a six-storey ramp-up logistics megahub with GFA of 1.4m sf. ? Maintain BUY. Our target price of S$2.08 is based on Dividend Discount Model (cost of equity: 7.0%, terminal growth: 2.8%). Remarks : Just sharing. Vested. Pls DYODD. Not a recommendation |
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newbie19
Elite |
02-Jun-2022 14:40
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Seamonkeyking
Member |
02-Jun-2022 10:25
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From Phillip Securities.. Mapletree Logistics Trust (MLT SP) - Trading BUY Price has rebounded from its previous low support zone. It moved and closed above the middle Bollinger band, which is the 20-day moving average&hellip |
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Seamonkeyking
Member |
01-Jun-2022 09:23
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https://sg.yahoo.com/finance/news/3-reits-set-grow-dpu-100000184.html3 REITs Set to Grow Their DPU in 2022Royston Yang
Tue, 31 May 2022, 6:00 pm
Mapletree Logistics Trust (SGX: M44U)Mapletree Logistics Trust, or MLT, is a logistics REIT that owns a portfolio of 183 properties in eight countries worth S$13.1 billion as of 31 March 2022. MLT reported a sparkling set of earnings for its fiscal 2022 (FY2022) ended 31 March 2022. Gross revenue jumped 20.9% year on year to S$678.6 million, contributed by higher revenue from existing properties as well as accretive acquisitions during the fiscal year. NPI rose 18.6% year on year to S$592.1 million while DPU increased by 5.5% year on year to S$0.8787. There are two good reasons to be confident that MLT&rsquo s DPU can continue to increase. First off, its aggregate leverage stood at 36.8% as of 31 March 2022 along with a low cost of debt of just 2.2%, providing the REIT with sufficient debt headroom to tap on debt for acquisitions. Secondly, MLT has a track record of yield-accretive acquisitions in a space that still sees healthy demand due to the boom in e-commerce. The REIT announced a total of eight acquisitions for FY2022, of which six were completed during the fiscal year and the remaining two are set to close by April and September this year. Based on this impressive track record, unitholders can look forward to higher DPU in the coming quarters. |
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Seamonkeyking
Member |
31-May-2022 16:54
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MLT is a good REIT, don' t know why still got dumb dumb go and dump it. Managed to get some at 1.6. Hopefully when the dumb dumb sells finish, MLT will rise to the sky. | ||||
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paul1688
Veteran |
24-May-2022 19:45
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From Royston Yang' s article " 4 Singapore Stocks Signalling Higher Dividends for 2022" dated 24 May 2022 Mapletree Logistics Trust, or MLT, is a logistics-focused REIT with a portfolio of 183 properties spread across eight countries with an AUM of S$13.1 billion as of 31 March 2022. The REIT announced a strong set of earnings for FY2022, with gross revenue rising 20.9% year on year to S$678.5 million. NPI increased by 18.6% year on year to S$592.1 million while DPU rose 5.5% year on year to S$0.08787. Units of MLT provide a trailing distribution yield of 5.5%. The REIT&rsquo s growth was driven mainly by higher rental revenue from existing properties and acquisitions in both FY2021 and FY2022. With aggregate leverage at 36.8% and a history of accretive acquisitions, MLT has sufficient debt headroom to acquire more properties that can continue to boost its DPU in FY2023. Remarks : Sharing. Pls DYODD before investing / trading |
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Stocky901
Elite |
24-May-2022 15:49
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Another round of fund-raising coming soon. Be careful.
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Seamonkeyking
Member |
24-May-2022 11:36
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Mapletree Logistics Trust - Switching emphasis to redevelopment projects. (MLT SP/BUY/S$1.61/Target: S$2.23) MLT has embarked on the redevelopment of 51 Benoi Road into a six-storey rampup logistics property with GFA of 865,000sf. It plans to amalgamate and redevelop two newly-acquired parcels of leasehold industrial properties and its existing Subang 3 and 4 properties at Subang Jaya, Selangor into a six-storey ramp-up logistics megahub with GFA of 1.4m sf. Unit price has corrected 25% from its recent peak and FY23 distribution yield has improved to 5.7%. Maintain BUY. Target price: S$2.23&hellip |
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MichaelSchenker
Master |
09-May-2022 17:22
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Thank you. Yes indeed. Looks like good to start accumulating
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paul1688
Veteran |
09-May-2022 16:18
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Covering period of 20 Jan to end Mar, dividend is 1.82 cents. Ex Div today. Payment on 21 Jun.
Humble opinion. Collect this one and just keep. Disclaimer : Vested. Pls DYODD.
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MichaelSchenker
Master |
09-May-2022 13:24
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Hi! Any quick answer what is the total dividend which xd today?
Thanks |
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Seamonkeyking
Member |
06-May-2022 14:14
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I guess is those STI ETFs or passive funds selling, cause Mapletree Log is inside STI index. | ||||
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Seamonkeyking
Member |
06-May-2022 14:12
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How come CD people still selling? | ||||
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bornloser
Senior |
02-May-2022 16:29
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Only for invest | ||||
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HVRRVH
Elite |
28-Apr-2022 18:44
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4.9% yield with current share price. This is a keeper! If the dpu continue to increase, the unit price will follow. | ||||
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spursfan
Elite |
28-Apr-2022 17:35
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For Immediate Release Mapletree Logistics Trust&rsquo s FY21/22 DPU Rises 5.5% Year-on-Year to 8.787 cents Highlights: 4Q FY21/22 DPU increased 5.0% year-on-year to 2.268 cents Performance underpinned by stable operations and accretive acquisitions Healthy portfolio metrics &ndash 96.7% occupancy and 2.9% positive rental reversions Net asset value per unit grew 11.3% year-on-year to S$1.48.... https://links.sgx.com/1.0.0/corporate-announcements/P65FB798UZRPVZR1/714597_20220428-MLT_PR_4Q%20FY2122_final.pdf |
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Joelton
Supreme |
16-Feb-2022 09:40
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Mapletree Logistics Trust to acquire 2 prime land parcels in Malaysia for RM65.6m
MAPLETREE Logistics Trust Mapletree Log Tr: M44U +1.16% (MLT) on Tuesday (Feb 15) announced that it will acquire 2 parcels of leasehold industrial properties in Subang Jaya in the Malaysian state of Selangor for a total price of RM65.6 million (S$21.0 million).
Sitting on total land area of 257,000 square feet (sq ft), the property is located next to MLT' s existing Subang 3 and 4 properties, and a 20-minute drive from MLT' s other assets - Mapletree Shah Alam Logistics Park and Mapletree Logistics Hub - Shah Alam.
Ng Kiat, chief executive of MLT' s manager, said this acquisition offers a " rare redevelopment opportunity" for the trust to amalgamate the property with its existing adjacent properties - Subang 3 and 4. " This is in line with our strategy to optimise MLT' s portfolio and future-proof our assets through asset rejuvenation," she said.
If successfully amalgamated, the combined land parcel will come in at 492,000 sq ft, making it suitable for a redevelopment project that can yield a potential gross floor area of about 1.4 million sq ft, said MLT.
With the redevelopment, the plot ratio of MLT' s Subang 3 and 4 properties will increase by 5 times, and the gross floor area will grow from 139,000 sq ft to 700,000 sq ft after the redevelopment.
MLT said the proposed redevelopment, with an estimated total investment cost of RM500 million, is poised to be the first mega modern logistics facility in Subang Jaya.
The acquisition of the property will be fully funded by debt and is expected to be completed by September, subject to regulatory approvals.
Transaction-related costs are estimated to come in at a maximum of RM4.0 million. These include the stamp duty, professional advisory fees and the acquisition fee payable to MLT' s manager.
Upon completion, MLT' s aggregate leverage ratio is estimated to be around 39.2 per cent on a pro forma basis.
The property is not expected to generate any income for the initial years before the completion of redevelopment, which is estimated to be by 2027.
The property was valued at RM67.9 million by First Pacific Valuers Property Consultants in Malaysia on Jan 24 based on the residual method.
MLT said Subang Jaya is a strategic and prime location for domestic distribution due to its proximity to the Kuala Lumpur city centre and the densely populated areas of Subang, Petaling Jaya, Damansara and Puchong.
Its strategic location makes it suitable as an alternative distribution centre location as well as last-mile delivery centre for e-commerce operators, added the trust.
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