Equity Analysis /
Singapore

SG : Mapletree Industrial Trust - Strong performance boost from data centre

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    27 April 2022
    Published by

    4Q/FY22 DPU of 3.49/13.80 Scts were above expectations, at 26.7%/105.8% of our FY22 forecast. Higher portfolio occupancy underpinned by increased take-up in Singapore. Reiterate Add, with an unchanged TP of S$3.08.