Monday, June 12, 2023

Mapletree Ind Tr

  Mapletree Industrial Trust ("MIT") is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. 

As at 31 March 2023, MIT's total assets under management was S$8.8 billion, which comprised 85 properties in Singapore and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd). MIT's property portfolio includes Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings and Light Industrial Buildings.

MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.

The recent Private placement of share at 2.212 was issued on 6th June for the acquisition of data centres in Osaka,Japan. The acquisition is dpu accretive.

Estimating yearly dpu of 13.4 cents.  Yield is about 6%. Which is quite a gd yield! Gearing is below 40%.

Chart wise,  bearish mode!

I think it us hovering near the support at 2.18-2.20 of which I think is a gd pivot entry point!

Pls dyodd.

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