Mapletree Logistics Trust

SGX: M44U

1.270

+0.79%

Share Price in SGD. As of 16 Jan 15:55:59 SGT

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Beansprout Analysis

Beansprout's Checklist

Fundamental
  • Occupancy Rate of 96.0% is higher than sector average of 95.2%

  • Net property income yield of 4.82% is lower than its dividend yield of 7.1%

Financial
  • Gearing Ratio of 0.39x is higher than sector average of 0.38x

  • Interest Coverage Ratio of 3.1x is above 2.5x

  • Net Book Value of $1.38 is lower than its net book value of $1.44 in the previous year

Valuation
  • Dividend Yield of 7.1% is higher than sector average of 6.2%

  • Distribution per unit growth is -0.09%

  • Price to Book of 0.95x is lower than sector average of 1.06x

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Market Analysis

Consensus Share Price Target

Mapletree Logistics Trust share price target is $1.623, according to consensus estimates as of 16 Jan 2025. Based on Mapletree Logistics Trust’s current share price of $1.27, this represents an upside potential of 27.8%.

Price Target: $1.623

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 16 Jan 2025

Analyst Ratings

  • CGS-CIMB

    25 Jan 2024

    Add

    1.880

  • DBS Research

    04 Oct 2024

    Buy

    1.750

  • Maybank Research

    25 Nov 2024

    Buy

    1.600

  • OCBC Investment

    23 Oct 2024

    Buy

    1.680

    (prev 1.650)

  • UOB Kay Hian

    24 Oct 2024

    Hold

    1.450

    (prev 1.440)

Valuation
Earnings
Financials
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Profile

Company Description

Mapletree Logistics Trust ("MLT") is the first Asia-focused logistics real estate investment trust listed on the SGX-ST mainboard. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 March 2024, it has a portfolio of 187 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.2 billion. MLT is managed by Mapletree Logistics Trust Management Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd. 

Revenue Breakdown by Asset

Revenue Breakdown by Geography