Under the programme, issuers Mapletree Industrial Trust Treasury Company and DBS Trustee may issue notes or perpetual securities denominated in any currency as agreed between the dealer of the particular series or tranche of securities.
Mapletree Industrial Trust (SGX: ME8U) recently released its first quarter earnings update for its financial year ending 31 March 2019 (FY18/19). MIT portfolio consists of 86 industrial properties in Singapore and 14 data centers in the US and categorized under mid-cap stocks Singapore.
Here Multi Management Future Solutions team of analyst researched market stats of Mapletree Industrial Trust Lim. as per the traders interest to buy the stock in this year.
MIT is a Singapore focused Undervalued REIT with a large and diversified portfolio of income-producing industrial assets with a large and diversified portfolio of industrial properties. It debuted on the Main Board of the SGX-ST on 21 October 2010. The Trust invests in a diverse portfolio of industrial properties with the primary objective of achieving an attractive level of return from rental income and for long-term capital growth.
Things investors should know to buy Mapletree REIT in 2018-
1.Gross revenue for the reporting quarter grew 3.0% year-on-year to S$91.5 million while net property income improved by 1.9% to S$69.5 million.
2. MIT has achieved a CAGR of 10.2% in valuation of its portfolio over the past seven years, from 70 properties worth a combined S$2.2 billion in 2011 to 99 properties worth S$4.2 billion in 2018.
3.The REIT’s distribution per unit (DPU) was up by 2.7% year-on-year to 3.00 cents. It’s gearing ratio stood at 35.0%, which is a safe distance from the regulatory ceiling of 45% from 30 june 2018.
4. Mapletree Industrial Trust annualized DPU of 12.0 cents and its closing unit price of S$2.02 as of 24 July 2018, the REIT has an annualized distribution yield of 5.9%.
5. MIT had over 2,000 tenants from 30 June 2018. Its top 10 tenants currently form just 25.9 % of its overall gross rental income.
6. Mapletree Industrial Trust acquired 7 Tai Seng Drive for S$68 million on 27 June 2018 and it also completed the development of a build-to-suit (BTS) project, Mapletree Sunview, on 13 July 2018 for S$76 million.
7. The weighted average lease to expiry by gross rental income for MIT portfolio was 3.7 years as of 30 June 2018. 33.7% of the REIT’s leases will expire by FY19/20, 36.6% will expire in the following two years (FY20/21 and FY21/22), while the remaining leases will expire after FY22/23.
8. Mapletree Investments is the sponsor and the largest shareholder of MIT with a 32.8% shareholding presently.
