0618 GMT - Rising interest rates are likely now a bigger concern for Mapletree Industrial Trust, Jefferies analysts say in a note. Although 1Q borrowing costs were flattish on quarter at 3.2%, the real-estate investment trust's management raised its guidance for borrowing costs to 3.5% in FY 2027 and 3.7% in FY 2028, the analysts note. They cite a more hawkish interest-rate environment and roughly S$600 million in interest-rate hedges dropping off in FY 2027. Meanwhile, the REIT's divestments will be key to watch, as it continues to target S$500 million to S$600 million in U.S. asset sales, the analysts say. Jefferies retains its hold rating and S$1.90 target price. Units rise 0.5% to S$1.94. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 02:18 ET (06:18 GMT)

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