Shares & Derivatives
Mapletree Logistics Trust Analysis @ 28 July 2020
By REIT-TIREMENT  •  July 28, 2020
Basic Profile & Key Statistics Mapletree Logistics Trust (MLT) listed on 28 July 2005, which is just nice 15 years ago. MLT invests in logistics properties in various countries like Singapore, Hong Kong, Japan, China, Australia, South Korea, Malaysia, and Vietnam. MLT is sponsored by Mapletree Investments Pte Ltd. Lease Profile Both occupancy of 97.2% and WALE of 4.3 years are at healthy level. The highest lease expiry of 24.2% falls in FY21/22. Income in SGD/major currencies is low at 53.7%., which means around 46.3% of income received in non SGD or major currencies. Weighted average land lease expiry is short at 51.41 years. Debt Profile Gearing ratio is slight high at 39.6%. Cost of debt is low at 2.3% despite high 90.5% of unsecured debt. Interest cover ratio is high at 4.8 times. WADE of 4 years is long and its highest debt maturity of 22% falls in FY24/25. Diversification Profile MLT is very diversified in terms of geographical, property, and tenants. Its top geographical and top property contribute 35.6% and 10.4% respectively....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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