Mapletree Industrial Trust Needs to Deliver on Acquisitions -- Market Talk

Dow Jones
Jan 29

0322 GMT - Mapletree Industrial Trust needs to deliver on its acquisitions, given one of its sizeable tenants isn't renewing its lease in FY 2027, says DBS Group Research's Derek Tan in a note. The real estate investment trust has higher headroom with its gearing at around 37.3%, offering ample liquidity to execute acquisitions, he says. Acquisitions could drive stability in the trust's distribution per unit, offsetting the divestment of some properties in Singapore, Tan says. The trust's U.S. data-center portfolio could see more vacancies as leases expire, but further downside surprises appear unlikely, Tan adds. DBS maintains a buy rating and S$2.45 target price. Units are down 0.95% at S$2.09. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 28, 2026 22:22 ET (03:22 GMT)

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