0234 GMT - Mapletree Industrial Trust Is likely to gain from strong secular growth trends such as cloud computing and artificial intelligence, says Morningstar's Xavier Lee in a report. The industrial-focused real-estate investment trust is poised to benefit from this trend as its data-center portfolio makes up around 58% of its overall portfolio, the analyst says. The REIT's manager also actively engages in capital recycling and asset enhancement to optimize the REIT's aging Singapore industrial portfolio, the analyst notes. While industrial REITs have experienced corrections amid potential supply-chain disruptions from the outbreak of the Middle East conflict, some data-center REITs have demonstrated relative resilience, he adds.Morningstar has a S$2.20 fair-value estimate on Mapletree Industrial, which adds 0.5% to S$1.95. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 22:34 ET (02:34 GMT)
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