Mapletree Industrial Trust
ME8U.SI : Singapore Exchange
2.270
+0.44%
Share Price in SGD. As of 26 Jul 17:06:29 SGT
Mapletree Industrial Trust announced dividend per share (DPS) of S$0.03
25 Jul 2024 • Upcoming dividend
All
Chart
Key stats
- 52-Week HighSGD 2.530
- 52-Week LowSGD 2.090
- Market CapSGD 6.4B
- Avg Volume6.5M
- P/E Ratio (TTM)56.75
- Forward Dividend Yield5.7%
Share Price Performance
| ME8U.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | -0.44% | -0.31% |
| 1 Month | 7.08% | 2.49% |
| 6 Month | -5.42% | 9.02% |
| YTD | -9.20% | 6.08% |
| 1 Year | 0.44% | 6.50% |
| 5 Year | -6.27% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
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Occupancy Rate of 91.4% is lower than sector average of 95.2%
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Net property income yield of 5.92% is higher than its dividend yield of 5.7%
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Gearing Ratio of 0.39x is higher than sector average of 0.38x
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Interest Coverage Ratio of 4.3x is above 2.5x
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Net Book Value of $1.76 is lower than its net book value of $1.85 in the previous year
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Dividend Yield of 5.7% is lower than sector average of 6.1%
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Distribution per unit growth is -1.00%
-
Price to Book of 1.29x is higher than sector average of 1.05x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $2.508
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
26 Jan 2024
Add
2.610
DBS Research
26 Apr 2024
Buy
2.600
Maybank Research
29 Apr 2024
Hold
2.150
(prev 2.300)
OCBC Investment
20 May 2024
Buy
2.710
UOB Kay Hian
25 Jun 2024
Buy
2.930
Analyst Reports
Valuation
Price to book (P/B) ratio
1.3
1.2
Mapletree Industrial Trust's current P/B ratio of 1.3x is higher than its historical average P/B ratio of 1.2x.
Earnings
Earnings Highlights
FY2023/2024 Results Summary
Revenue: SGD 697.33M
Increased 2% Year-on-Year
Driven by revenue contributions from the redevelopment project, Mapletree Hi-Tech Park @ Kallang Way, the data centre in Osaka, Japan acquired on 28 September 2023 as well as new leases and renewals across various property clusters
Net Property Income (NPI): SGD 521.04M
Increased 1% Year-on-Year
Better performance was mainly driven by revenue contributions from new projects and leases
Rental Reversion: 6.6%
Positive rental revisions for renewal leases were achieved across all property segments in Singapore in the fourth quarter
Distribution Per Unit (DPU): SGD 0.13
Decreased 1% Year-on-Year
Higher net property income was offset by higher borrowing costs from new borrowings and higher interest rates
Outlook
Rising property operating expenses and increases in borrowing costs may continue to exert pressure on distributions. The Manager will adopt cost-mitigating measures and focus on tenant retention as well as prudent capital management to balance the risks and costs in the elevated interest rate environment.
Sources: Mapletree Industrial Trust Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.04, which is lower than the earnings per share of $0.10 in 2022.
Financials
Financial Statements
| 25 Jul 2024 | For period ending 30 Jun 2024 |
| 25 Apr 2024 | For period ending 31 Mar 2024 |
| 25 Jan 2024 | For period ending 31 Dec 2023 |
| 25 Oct 2023 | Second Quarter and/ or Half Yearly Results For period ending 30 Sep 2023 |
Annual Reports
| 18 Jun 2024 | For period ending 31 Mar 2024 |
| 18 Jun 2024 | For period ending 31 Mar 2024 |