Analysts have mostly lowered their target prices on Mapletree Industrial Trust(MINT) to factor in the risk of non-renewals in the REIT’s portfolio.

While the REIT’s distribution per unit (DPU) of 3.36 cents for the 4QFY2024/2025 ended March 31 and DPU of 13.57 cents for the FY2024/2025 met analysts’ estimates, its overall portfolio occupancy was a concern.

In the 4QFY2025, the REIT’s average overall portfolio occupancy fell to 91.6% from the previous quarter’s 92.1%, due to the lower average occupancy rate in its North American portfolio.

Citi Research Adjusts Mapletree Industrial Trust's Price Target to SG$2.30 from SG$2.65, Keeps at Buy.

CGS International Adjusts Mapletree Industrial Trust's Price Target to SG$2.56 from SG$2.82, Keeps at Add.

Maybank Securities Adjusts Mapletree Industrial Trust's Price Target to SG$2.20 from SG$2.30, Keeps at Buy.

OCBC Investment Research Adjusts Mapletree Industrial Trust's Price Target to SG$2.46 from SG$2.71, Keeps at Buy.

Mapletree Ind Tr drops 3.92% at 2:11 pm, May 8th.