Latest Forum Topics / Mapletree Ind Tr Last:2.01 -- |
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MAPLETREE Industrial Trust (MIT)
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Lobster
Elite |
06-Oct-2021 12:18
Yells: "Even Adam Khoo believes in the Black Market!" |
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Another electricity mental. The whole REIT down la. so Tech stocks not affected, manufacturing not affected , casino not affected? Only MINT? |
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Stocky901
Supreme |
06-Oct-2021 09:47
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High energy costs can affect the normal operations of data centres?
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subaru
Senior |
05-Oct-2021 13:36
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any news that caused price weakness ? | ||||
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Lobster
Elite |
03-Sep-2021 23:41
Yells: "Even Adam Khoo believes in the Black Market!" |
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The current share price levels for the Singapore REIT (S-REIT) sector presents an &ldquo opportunity&rdquo for investors to re-enter, say DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong on Aug 30. On the back of the US Federal Reserve chairman Jeremy Powell&rsquo s broad messaging that the US central bank will &ldquo stay the course&rdquo as opposed to being early in its expected taper programme in the 2HFY2021. On this, the team sees a &ldquo more patient&rdquo FED to be conducive for S-REITs to re-rate, with a rate hike some time away. &ldquo Taking the cue from the last rate hike normalisation in 2HFY2013-2018, a 1.5 years difference between &ldquo taper signal&rdquo to the first rate hike will imply the first hike will likely be in 2023,&rdquo they write. As such, the analysts say they &ldquo see sufficient buffer and S-REITs to find its ground post pandemic before addressing interest rate risks and thus recommend investors to take the recent share price weakness to add&rdquo . To the team, FY2021 and FY2022 yields for S-REITs are attractive at 5.5% and 6.0% respectively. The figures imply that yield spreads against the SG 10-year bond are close to -1 standard deviation (s.d.) at 4.0% to 4.5%. Furthermore, the potential inclusion of some S-REITs in the FTSE EPRA Nareit Developed Asia Index has brought about more visibility for the sector. This is due to the wider representation of Singapore in major property indices, note the analysts. As it is, selected mid-cap S-REITs have already attracted incremental inflows due to their possible inclusion into the index. From now, the analysts say they expect the overall sector to &ldquo build its base from now on&rdquo . &ldquo We remain optimistic that the S-REITs can continue to ride on the gradual re-opening of the Singapore economy and maintain our view that the robust earnings growth projections in 2HFY2021-2022 to drive a re-rating for the S-REITs,&rdquo they write. &ldquo We prefer selected retail and office S-REITs (Mapletree Commercial Trust, Suntec REIT, Frasers Centrepoint Trust, Lendlease Global Commercial REIT) and industrial S-REITs for its robust growth trajectories (Mapletree Logistics Trust, Mapletree Industrial Trust, Frasers Logistics & Commercial Trust, ARA LOGOS Logistics Trust and ESR-REIT). Amongst hotels, we prefer global diversified names like CDL Hospitality Trusts.  
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SGPhantom
Master |
03-Sep-2021 23:09
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Never realized that. Now I'll never sell my MINT. THANKS for sharing!
If you can share the source link, that'll be great.
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Lobster
Elite |
31-Aug-2021 23:42
Yells: "Even Adam Khoo believes in the Black Market!" |
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10 S-Reits yielding long-term annualised returns  based on 10 YEAR Annualised Total Returns  (%) Mapletree Industrial Trust   10 Yrs ATR =   16.7 % Mapletree Logistics Trust    10 Yrs ATR =  16 % Mapletree Commercial Trust.  10 Yrs ATR =    15.8% ParkwayLife Reit   10 Yrs ATR =  15% Aims Apac Reit  10 Yrs ATR =  12.9% Ascendas India Trust  10 Yrs ATR =  11.8% Frasers Centrepoint Trust.  10 Yrs ATR =  10.8% Ascendas Reit.    10 Yrs ATR =  10.4% Ara Logos Logistics Trust      10 Yrs ATR =  8.0% ESR-Reit.   10 Yrs ATR =    7.9%   |
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Lobster
Elite |
31-Aug-2021 23:05
Yells: "Even Adam Khoo believes in the Black Market!" |
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I am surprised nobody posted these
10 S-Reits yielding long-term annualised returns |
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PhillipTan
Supreme |
02-Aug-2021 21:22
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Analysts positive on MINT' s 1Q22 results, deems it ' good start' to the new FYAnalysts from CGS-CIMB Research, DBS Group Research, Maybank Kim Eng, OCBC Investment Research (OIR) and UOB Kay Hian have all maintained their " add" or " buy" calls on Mapletree Industrial Trust (MINT).With the exception of OCBC which has kept its fair value estimate of $3.41, the rest of the analysts have upped their target price estimates. To the research team at OCBC, the REIT' s 1QFY2022 results stood in-line with its expectations. Distribution per unit (DPU) in the 1QFY2022 grew 16.7% y-o-y to 3.35 cents, which accounted for 25% of its FY2022 forecast. CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei have upped their target price on the REIT to $3.16 from $3.05 previously. They have also lowered their DPU estimates for the FY2022 by 1.7% due to the possibility of tenant rental reliefs. On the other hand, Lock and Eing have raised their DPU estimates for the FY2023 to FY2024 by 2.5% to 3.7% to factor in the divestment gains from the completion of the sale of 26A Ayer Rajah Crescent. " With an estimated post [US] acquisition gearing of 40%, we believe MINT is well-placed to continue to tap into acquisition growth opportunities. Meanwhile, the redevelopment of Kolam Ayer Cluster 2 is under way and is scheduled to be completed in 1HFY2023," write the analysts. To DBS analysts Derek Tan and Dale Lai, MINT is fast becoming a play for the data centre sector. The REIT, with its long weighted average lease expiry (WALE) and compound annual growth rate (CAGR) of 7% in terms of DPU over FY2022 to FY2023, should " continue to trade like a data-centre proxy" , note the analysts. On this, Tan and Lai have upped their target price estimate on MINT to $3.35 from $3.25 previously. The new target price has not assumed acquisitions in the estimate, but it does assume a target yield of close to 4.0%. " We like its improved earnings visibility of 7.0% CAGR anchored from acquisitions and the completion of planned developments. In addition, we see debt funded capacity to pursue growth in the data centre space will keep valuations at a premium," they write. " We believe investors have not priced in the value in MINT' s portfolio. The redevelopment of its land bank of older flatted factories will drive portfolio gross floor area (GFA) and medium-term growth in distributions and net asset value (NAV), keeping valuations at a premium," they add. Maybank Kim Eng' s Chua Su Tye has increased his target price to $3.35 from $3.24. He has also raised his DPU estimates by 3% to 4% amid the REIT' s 1QFY2022 results. " [We] see further DPU-accretive deals, as management advances diversification efforts to deepen data centre concentration to 50-67% of assets under management (AUM)," writes Chua. " We forecast data centres in Singapore and the US to generate 59% of MINT' s net property income (NPI) in FY2022, up from 31% in FY2020," he adds. Compared to the other analysts, UOB Kay Hian analyst Jonathan Koh has upped his target price estimate slightly to $3.63 from $3.62 previously as MINT' s results for the 1QFY2022 stood in line with his expectations for the FY2022 as well. " MINT' s hi-tech buildings, business park buildings and flatted factories are less affected by the Covid-19 pandemic and rental relief is not expected to be substantial. Acquisition of the remaining 50% stake in 13 data centres in North America (second JV) could materialise in 2HFY2022," he writes. Units in MINT closed 3 cents lower or 1% down at $2.97 on Aug 2, or 1.1 times P/NTA, according to Maybank Kim Eng' s estimates.   |
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paul1688
Veteran |
30-Jul-2021 12:15
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This one from UOBKH   Mapletree Industrial Trust (MINT SP) 1QFY22: DPU Expected To Pick Up In 2HFY22 1QFY22   DPU grew 16.7% yoy due to consolidation of the first JV with 14 US data centres and acquisition of 8011 Villa Park Drive. MINT&rsquo s hi-tech buildings, business park buildings and flatted factories are less affected by the COVID-19 pandemic and rental relief is not expected to be substantial. Acquisition of the remaining 50% stake in 13 data centres in North America (second JV) could materialise in 2HFY22. MINT provides FY22 distribution yield of 4.7%. Maintain BUY. Target price: S$3.63. As always please DYODD before buying or trading   |
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paul1688
Veteran |
29-Jul-2021 14:22
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Thanks for correcting wrong acknowledgment. Yes it is from CIMB report. 
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Lobster
Elite |
29-Jul-2021 13:47
Yells: "Even Adam Khoo believes in the Black Market!" |
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Bro, I think it' s from CIMB, not Maybank.. below more detailed report
Mapletree Industrial Trust:  Strengthening operations
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paul1688
Veteran |
29-Jul-2021 12:16
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From Maybank KE   Mapletree Industrial Trust  Strengthening operations  ■ 1QFY3/22 DPU of 3.35 Scts was in line at 26% of our FY3/22F forecast.  ■ Improved Singapore performance, new acquisitions to boost US income.  ■ Reiterate Add with a higher DDM-based TP of S$3.16. |
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Lobster
Elite |
29-Jul-2021 11:08
Yells: "Even Adam Khoo believes in the Black Market!" |
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$2.98/2.99 now. I know there are people watching on the side, admiring the beautiful sight. Even the teddy bears dare not open mouth. 
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PhillipTan
Supreme |
28-Jul-2021 22:56
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DBS raises Mapletree Industrial Trust target to S$3.35 on recent acquisitionsDBS Group Research has reiterated its " buy" call on Mapletree Industrial Trust (MIT), while raising its target price on the real estate investment trust (Reit) to S$3.35 from S$3.25, assuming a target yield of close to 4 per cent.The move comes after DBS updated its estimates to factor in MIT' s latest acquisitions and a recently completed equity fundraising exercise. In a report on Wednesday, analysts estimated MIT' s completed acquisition of 29 data centres in the US, as well as its redevelopment of the Kolam Ayer cluster, to drive the trust' s distribution compound annual growth rate (CAGR) by an estimated 7 per cent over the coming two years. On top of the improved earnings visibility, they also like the Reit for its debt-funded capacity to pursue growth in the data centre space. Its latest set of Q1 FY2022 financial results also continued to show operational strength, in their view, along with stable financial metrics despite expectations of increased gearing due to the Reit' s data centre acquisitions in the US. " Even with the higher expected gearing, we remain comfortable that MIT' s balance sheet remains well capitalised with diversified funding sources and no concentration in refinancing," said the analysts. " We believe investors have not priced in the value in MIT' s portfolio. The redevelopment of its land bank of older flatted factories will drive portfolio gross floor area and medium-term growth in distributions and net asset value (NAV), keeping valuations at a premium," they added. Given that MIT' s data centre-focused properties now contribute to about 50 per cent of its assets under management, DBS analysts believe this supports the Reit' s 1.6 times price-to-NAV valuation. They also view the Reit' s forward yields of 4.9 per cent to 5.1 per cent as attractive. " With long weighted average lease expiry and 7 per cent CAGR in distribution per unit over FY2022 to FY2023, we believe that MIT should continue to trade like a data centre proxy," they said. Units of MIT were trading S$0.07 or 2.4 per cent higher at S$2.95 as at 3.41pm on Wednesday.   |
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Lobster
Elite |
28-Jul-2021 16:10
Yells: "Even Adam Khoo believes in the Black Market!" |
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$2.94/$2.95... No need to explain much. just like good durians, don' t have to ask where it comes from, or good lobster. Just enjoy them
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actan99
Master |
28-Jul-2021 14:46
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Agree,  business very good and has a very bright future.
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SGPhantom
Master |
28-Jul-2021 10:19
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Acquisitions are bearing fruits....
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Joelton
Supreme |
28-Jul-2021 09:29
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Mapletree Industrial Trust Q1 DPU up 16.7% to 3.35 Singapore cents on US income boost
 
MAPLETREE Industrial Trust has bumped up first-quarter distribution per unit (DPU) to 3.35 Singapore cents, including an advanced distribution announced in end-May.
 
Taking into account the previous payout for April 1 to May 31, which was made ahead of issuing new units in a private placement and preferential offering, DPU for the quarter was up from the 2.87 Singapore cents paid out in the year-ago period.
 
Distributable income grew 17.2 per cent to S$82.7 million for the three months to June 30, with a boost from revenue from assets in the United States.
 
Net property income rose by 33.1 per cent to S$104.7 million, as gross revenue jumped by 29.2 per cent to S$128.1 million, Mapletree disclosed in its results on Tuesday.
 
The lift came on the consolidation of revenue from 14 US data centres previously held by joint venture Mapletree Redwood Data Centre Trust, as well as contributions from another data centre in the US, which was acquired in mid-March.
 
Meanwhile, net gains from the divestment of a data centre in Singapore' s Ayer Rajah will be distributed over eight quarters from the second quarter, the manager said.
 
The manager noted that average occupancy for the Singapore portfolio, which comprises 86 properties, improved quarter on quarter on higher occupancies for high-tech buildings, flatted factories and stack-up and ramp-up buildings, even as average rental rate picked up in the absence of rental relief for tenants.
 
Mapletree Industrial Trust also manages 28 properties in North America, including 13 data centres held through a joint venture with the owner of the manager.
 
Portfolio weighted average lease expiry by gross rental income stood at 3.7 years as at end-June, while average occupancy was 94.3 per cent. The trust had an aggregate leverage of 31.0 per cent, with weighted average debt tenor of 2.8 years.
 
Referring to the trust' s US$1.32 billion acquisition of 29 US data centres on July 22, Tham Kuo Wei, chief executive of the manager, said in a statement that the latest portfolio addition " will help strengthen (its) resilience with the increased freehold land component and long leases with annual rental escalations" .
 
The books will close on Aug 4. The DPU will be paid out on Sept 3.
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PhillipTan
Supreme |
27-Jul-2021 19:08
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Mapletree Industrial Trust posts 16.7% higher DPU for 1Q21/22 from contributions from North American data centresThe manager of Mapletree Industrial Trust (MINT) has announced distribution per unit (DPU) of 3.35 cents for the 1QFY2021/2022 ended June, 16.7% higher than DPU of 2.87 cents for the 1QFY2020/2021.Gross revenue for the quarter rose 29.2% y-o-y to $128.1 million, while net property income (NPI) increased by 33.1% y-o-y to $104.7 million. The growth was mainly due to the consolidation of revenue and expenses from the 14 data centres in the US, the contribution from MINT' s recent acquisition of 8011 Villa Park Drive in Virginia, as well as the absence of rental reliefs provided to tenants during the 1QFY2021/2022. Accordingly, distributable amount for the quarter stood 17.2% higher y-o-y at $82.7 million. As at June 30, the REIT' s average overall portfolio occupancy increased 0.6 percentage points q-o-q to 94.3%, attributable to the full quarter impact of the completion of the acquisition of the Virginia property, as well as an improvement in the average occupancy of MINT' s Singapore portfolio. The REIT' s weighted average lease expiry (WALE) stood at 3.7 years in terms of gross rental income (GRI). As at June 30, cash and cash equivalents stood at $737.4 million. " The strategic addition of the portfolio of 29 data centres in key data centre markets in the United States will help strengthen MINT' s resilience with the increased freehold land component and long leases with annual rental escalations," says Tham Kuo Wei, CEO of the manager. " Our growth strategy is supported by the inaugural issuance of S$300 million of perpetual securities and successful completion of an $823.3 million equity fund raising exercise. Our large and diversified tenant base as well as proactive portfolio rebalancing efforts will put MINT in a good stead to weather the uncertainties ahead," he adds. Units in MINT closed flat at $2.88 on July 27.   |
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actan99
Master |
21-Jul-2021 11:54
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back to phase 2 ,    industrial reits like this,    should be a good and defensive reit. | ||||
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