Mapletree Logistics' India Buy Might Not Excite Investors -- Market Talk

Dow Jones
03/23

0251 GMT - Investors might not be that excited over Mapletree Logistics Trust's latest acquisition, says Citi analyst Brandon Lee in a note. The real-estate investment trust is buying a warehouse in Mumbai for around 3.89 billion rupees, he notes. The deal could be around 0.2%-0.3% accretive to the trust's distribution per unit, says Lee, if it uses largely Singapore-dollar-denominated debt. While he likes the property's profile and location, he reckons the risk of rupee depreciation and partial DPU accretion make the deal less attractive for the REIT's investors. Citi retains its buy rating and S$1.33 target price. Units fall 2.5% to S$1.18. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

March 22, 2026 22:51 ET (02:51 GMT)

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