Mapletree Industrial Trust
ME8U.SI : Singapore Exchange
2.510
0.00%
Share Price in SGD. As of 12 Sep 17:15:30 SGT
All
Chart
Key stats
Mapletree Industrial Trust’s share price has increased by 10.1% over the past 1 year. It has underperformed the Singapore stock market during this period.
- 52 Week Range
- SGD 2.090 - 2.530
- Price vs historical high/low
- Near high
| ME8U.SI | Market | |
|---|---|---|
| 1 Day | 0.0% | 0.5% |
| 5 Day | 1.2% | 3.0% |
| 1 Month | 13.1% | 9.9% |
| 6 Month | 9.1% | 13.2% |
| YTD | 0.4% | 10.1% |
| 1 Year | 10.1% | 15.7% |
| 5 Year | 0.3% | 11.4% |
- Market Cap
- SGD 7.1B
- P/E
- 17.93
- P/E lower than historical average
- No
- P/B
- 1.43
- P/B lower than historical average
- No
Recently happened to Mapletree Industrial Trust
03 May 2024 • Earnings
Beansprout Analysis
Beansprout's Checklist
-
Occupancy Rate of 91.4% is lower than sector average of 95.2%
-
Net property income yield of 5.92% is higher than its dividend yield of 5.2%
-
Gearing Ratio of 0.39x is higher than sector average of 0.38x
-
Interest Coverage Ratio of 4.3x is above 2.5x
-
Net Book Value of $1.76 is lower than its net book value of $1.85 in the previous year
-
Dividend Yield of 5.2% is lower than sector average of 5.5%
-
Distribution per unit growth is -1.00%
-
Price to Book of 1.43x is higher than sector average of 1.17x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Mapletree Industrial Trust’s price target is $2.508, according to consensus estimates as of 12 Sep 2024. Mapletree Industrial Trust’s with a price target of $2.508 and current price of $2.51, has an upside potential of -0.1%.
Price Target: $2.508
Source: SGX as of 12 Sep 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
23 Aug 2024
Buy
2.710
UOB Kay Hian
22 Aug 2024
Buy
2.780
Analyst Reports
Valuation
Price to book (P/B) ratio
1.43
1.1
1.17
Mapletree Industrial Trust's current P/B ratio of 1.43x is higher than its historical average P/B ratio of 1.1x.
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)
Mapletree Industrial Trust's' 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 |