Thank you to opinions from both sides of you gents' inputs. I appreciated them,... I guessed we are here because we ' loved' MINT and wanted it to be safe and to grow. Let' s have a good reset here and have good inputs.
I wouldn' t mind re-entering MINT if the price goes below 1.96. On the charts, 1.96 is a strong support, especially on the 5-day.
if u insist i fantasize or obsesse with you thinking i trying to challenge you bcz you too smart. by all mean.
i accept difference of view.
please rebuke me anytime if i wrong .
rest assure that i will respect you.
i wont tell you off u r out of my depth.
i wont tell you off i working in my field or consulting.
please assure i will respect u.
i want peace or constructive thread n ok for ppl to correct if i m wrong
BinderyT ( Date: 13-May-2025 10:06) Posted:
ah ... the good old " .. but I did not say your name ..." . 5yo kids play this game.
Nah, unlike you, I will smack you in your face -
You are a pathetic liar, don' t know shit and keep getting wrong ideas from ChatGPT because you don' t know how to ask the right questions, two-faced hypocrite going around forums to stir shit and of course, a coward when confronted.
Anything you want to say?
dontbetray ( Date: 13-May-2025 09:46) Posted:
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ah ... the good old " .. but I did not say your name ..." . 5yo kids play this game.
Nah, unlike you, I will smack you in your face -
You are a pathetic liar, don' t know shit and keep getting wrong ideas from ChatGPT because you don' t know how to ask the right questions, two-faced hypocrite going around forums to stir shit and of course, a coward when confronted.
Anything you want to say?
dontbetray ( Date: 13-May-2025 09:46) Posted:
Mate
did I say u ?
BinderyT ( Date: 13-May-2025 09:26) Posted:
Lmfao! Stop being so infatuated with me just because I called you out for outright lies and being a hypocrite that you are :).
No, I do not have to pretend anything and please feel free to correct me if I' m wrong. I just share what I know when people ask.
By the way, I' m responding to you simply because I' m in a good mood today as all the stocks are flying. Else you are not worth the bother any other day. |
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Lmfao! Stop being so infatuated with me just because I called you out for outright lies and being a hypocrite that you are :).
No, I do not have to pretend anything and please feel free to correct me if I' m wrong. I just share what I know when people ask.
By the way, I' m responding to you simply because I' m in a good mood today as all the stocks are flying. Else you are not worth the bother any other day.
dontbetray ( Date: 13-May-2025 08:55) Posted:
No problem.at least I don' t self blundery tell I work in field n pretend to know everything
chengwh1 ( Date: 12-May-2025 20:24) Posted:
Thank you for your opinion,... I' ve taken profit and divested. We' ll see who is wrong and who is right later. But again,... wrong or right, depends on the price.
You' re very wrong - abt the ' Ms' part ! This is for sure,...... |
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Thank you for your opinion,... I' ve taken profit and divested. We' ll see who is wrong and who is right later. But again,... wrong or right, depends on the price.
You' re very wrong - abt the ' Ms' part ! This is for sure,......
dontbetray ( Date: 11-May-2025 13:50) Posted:
you are wrong . MINT investor relationship has confirmed with me in the email , read correspondence
"
MIT has data centres in select U.S. states where federal sites have been designated for data centre and AI infrastructure development. However, I would be cautious to assume that MIT would directly benefit from this development.
Apple&rsquo s announcement on deepening collaboration with TSMC appeared to align with its strategy of reshoring semiconductor production, which could be in response to growing concerns about reciporal tariffs. This seemed to have a more direct impact on Apple products.
Thank you."
Regards,
IF You need to verify please call
MS. Cheng , MINT investor relations and sustainability @ 6377 4536
please refer to link authenticate contact detail https://www.mapletreeindustrialtrust.com/Investor-Relations/Overview.aspx
chengwh1 ( Date: 09-May-2025 16:00) Posted:
| Thank you, gentlemen,... yeah,... I think,... MINT will not be able to recover until they are able to get rid of these US Data Ctrs. And NOT acquire more of them from their sponsor. |
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Better Buy: Mapletree Industrial Trust Vs Mapletree Logistics Trust
We compare two popular industrial REITs to determine the more attractive investment candidate.
The earnings season is in full swing, and the
REIT sector is reporting its latest earnings and business updates for the previous quarter ending 31 March 2025.
Investors will be keeping their eyes peeled on how REITs are coping with a higher
interest rate environment, along with Trump&rsquo s tariff headwinds.
Both
Mapletree Industrial Trust (SGX: ME8U) [MIT] and
Mapletree Logistics Trust (SGX: M44U) [MLT] recently announced their full fiscal 2025 (FY2025) earnings ending 31 March 2025.
The two
blue-chip industrial REITs have a strong sponsor in Mapletree Investments Pte Ltd and investors may be curious to know which is the more attractive REIT to consider investing in.
We compare each REIT based on a series of financial and operating metrics to determine which is the better buy.
Portfolio composition
First, we look at each REIT&rsquo s portfolio and compare its size and level of diversification.
MLT and MIT both have more than 100 properties within their portfolio, but MLT&rsquo s properties are spread out across more countries, such as Hong Kong, Malaysia, Vietnam, and South Korea.
In contrast, MIT&rsquo s portfolio is spread across just three countries &ndash Singapore, Japan, and the US.
MLT also has larger assets under management (AUM) of S$13.3 billion versus MIT&rsquo s S$9.1 billion.
Being a larger REIT gives it scale to pursue bigger acquisitions that can help to grow the REIT&rsquo s asset base.
Winner: MLT
Financials and DPU
Next, we look at each REIT&rsquo s financial performance for FY2025.
MIT managed to grow both its gross revenue and net property income (NPI) because of revenue contributions from the completion of the second and third phases of the fitting-out works for its Osaka data centre.
Rental contributions also flowed in from its newly acquired freehold mixed-use facility in Tokyo.
MLT, on the other hand, saw lower revenue contributions from China, coupled with the absence of contributions from divested properties.
The weakness of regional currencies against the Singapore Dollar was another headwind for MLT, causing both gross revenue and NPI to post year-on-year declines.
Distribution per unit (DPU) for MIT managed to rise 1% year on year to S$0.1357 as finance costs dipped by 1.4% year on year for FY2025.
MLT&rsquo s finance costs shot up 7.5% year on year to S$156.9 million, causing DPU to tumble 10.6% year on year to S$0.08053.
Winner: MIT
Debt metrics
We now turn to each REIT&rsquo s debt metrics to see how each is coping with the elevated interest rate environment.
MIT and MLT both share around the same level of gearing at 40 %+, but MIT has a higher interest coverage ratio of 4.3 times.
During periods of high interest rates, it&rsquo s useful for a REIT to maintain a good interest cover to assure unitholders that it can service its interest expense, so this is a plus point for MIT.
MLT, though, has a lower weighted average cost of debt at 2.7% versus MIT&rsquo s 3%, and also has a slightly larger proportion of its debt on fixed rates.
However, MIT still wins out in this case as it managed to reduce its cost of debt from 3.1% in FY2024 to FY2025. MLT&rsquo s cost of debt has stayed constant at 2.7% for both fiscal years.
Winner: MIT
Operating metrics
We now move on to each REIT&rsquo s operating metrics.
MLT has an edge over MIT with a higher occupancy rate of 96.2% versus 91.6%.
However, MIT enjoys a longer weighted average lease expiry (WALE) of 4.4 years versus just 2.8 years for MLT.
MIT&rsquo s rent reversion rate of 8.1% is also much higher than MLT&rsquo s 5.1%. MLT saw its rental reversion dragged down by China, which reported negative rental reversion of 9.4% for the quarter,
Winner: MIT
Distribution yield
Finally, we come to the most important metric for income investors &ndash each REIT&rsquo s distribution yield.
From the table above, it&rsquo s clear that MLT has a higher yield of 7.2% versus MIT.
Winner: MLT
Get Smart: Capital recycling and acquisitions
Overall, MIT wins on more attributes compared with MLT.
MIT reported resilient DPU performance and also had more favourable debt and operating metrics.
Although MLT&rsquo s distribution yield was higher than MIT&rsquo s, this can be explained by the fall in DPU, which gives MLT a higher trailing distribution yield.
Investors, though, need to look beyond these headline numbers.
MLT continues to face headwinds in China, which could impact its DPU for FY2026.
The logistics REIT is, however, engaging in active capital recycling to rejuvenate its portfolio.
MLT conducted three yield-accretive acquisitions and divested 14 properties in FY2025.
MIT has successfully purchased two properties in Japan and these are contributing steadily to rental income.
However, the manager did warn of higher uncertainty in the face of tariffs and a potential trade war.
Elevated borrowing costs may also weigh on distributions for FY2026.
-
Mapletree Industrial Trust (MIT) has completed the divestment of its property at 2775 Northwoods Parkway, Norcross, Georgia, USA on 9 May 2025 (EST).
-
Following this divestment, MIT' s updated portfolio now includes:
-
55 properties in North America, which includes 13 data centres held via a joint venture with Mapletree Investments Pte Ltd,
-
83 properties in Singapore, and
-
2 properties in Japan.
Key Impact Areas from the Divestment
1. Reduction in U.S. Exposure
-
The asset sold &mdash 2775 Northwoods Parkway in Georgia &mdash was part of MIT&rsquo s U.S. portfolio. This reduces the total number of North American properties from 56 to 55.
-
Given that 13 of those are data centres (generally high-value), the divested asset was likely non-core or underperforming, possibly an older general industrial asset.
✅
Potential Stock Price Impact:
Neutral to slightly positive, if investors view it as a portfolio optimization move (divesting non-core, lower-yield assets).
2. Capital Recycling Signal
-
MIT did not announce a major acquisition alongside this divestment, suggesting the sale may be intended to:
-
Free up capital to reduce debt (especially if gearing is rising), or
-
Prepare for future acquisitions in higher-growth sectors (e.g., data centres).
✅
Potential Stock Price Impact:
Positive, if the market expects disciplined capital deployment or gearing control.
3. Change in Geographic Mix
-
After the divestment, MIT&rsquo s portfolio stands at:
-
83 properties in Singapore
-
55 in North America (13 are JV-held data centres)
-
2 in Japan
Singapore assets now represent a larger proportion of the portfolio, which may slightly reduce FX risk and exposure to U.S. interest rate volatility.
✅
Potential Stock Price Impact:
Neutral to mildly positive, due to reduced foreign risk and currency volatility.
📉 What&rsquo s Not Known (But Important)
-
Divestment price and gain/loss: The announcement does not disclose the selling price or book value, so it&rsquo s unclear whether there was a capital gain or loss.
-
Use of proceeds: Unspecified, which makes it hard to quantify financial impact.
❗
Market Sensitivity: If a future disclosure shows a
loss on divestment, or if proceeds are left idle, the impact could shift negative.
🧠 Bottom Line (for Stock Price Impact)
Likely impact: Mildly positive to neutral, assuming:
-
The asset was non-core or low-yield,
-
Proceeds are redeployed or used for debt reduction,
-
No significant loss was incurred on sale.
But if investors were expecting aggressive growth in North America (especially in data centres), the move could be interpreted as cautious or conservative.
you are wrong . MINT investor relationship has confirmed with me in the email , read correspondence
"
MIT has data centres in select U.S. states where federal sites have been designated for data centre and AI infrastructure development. However, I would be cautious to assume that MIT would directly benefit from this development.
Apple&rsquo s announcement on deepening collaboration with TSMC appeared to align with its strategy of reshoring semiconductor production, which could be in response to growing concerns about reciporal tariffs. This seemed to have a more direct impact on Apple products.
Thank you."
Regards,
IF You need to verify please call
MS. Cheng , MINT investor relations and sustainability @ 6377 4536
please refer to link authenticate contact detail https://www.mapletreeindustrialtrust.com/Investor-Relations/Overview.aspx
chengwh1 ( Date: 09-May-2025 16:00) Posted:
| Thank you, gentlemen,... yeah,... I think,... MINT will not be able to recover until they are able to get rid of these US Data Ctrs. And NOT acquire more of them from their sponsor. |
|
Thank you, gentlemen,... yeah,... I think,... MINT will not be able to recover until they are able to get rid of these US Data Ctrs. And NOT acquire more of them from their sponsor.
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