0204 GMT - Mapletree Logistics Trust's FY 2027-FY 2028 performance is likely to improve, says DBS Group Research's Derek Tan in a note. While the real-estate investment trust's 4Q headline DPU fell, he notes the decline is largely due to the absence of divestment gains and foreign exchange effects, with underlying performance remaining stable. The trust's logistics portfolio continues to remain well-occupied and achieve rent increases despite weakness in its China segment, he says. He expects continued asset sales in China to drive higher returns. The analyst raises his FY 2027-FY 2028 DPU estimates by 1%-2%, which implies a 6.1% yield. DBS retains its buy rating and S$1.55 target price. Units are up 1.6% at S$1.24.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 03, 2026 22:04 ET (02:04 GMT)

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