Mapletree Industrial Trust's recent unit-price weakness offers a buying opportunity, DBS Group Research analysts say in a report, as they maintain a buy rating on the unit.
Investors are likely to be overly discounting the REIT portfolio's resilience at the current price, the analysts say.
Trading at an estimated FY 2026-2027 yields of around 6.4% and price-to-book ratio of 1.2x, the REIT's units are below historical mean, the analysts note.
Also, the REIT's well-timed acquisitions, diversified and expanding platform, and active lease-up of newly completed developments are poised to drive growth.
However, DBS trims its target price for the unit S$2.60 from S$2.70 after adjusting its earnings estimates to reflect upcoming vacancies and higher interest costs.
Units are 0.5% higher at S$2.09.
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