As a REIT, the performance of Mapletree Industrial Trust (MIT) has been nothing short of stellar. Since its IPO in 2010 at a price of $0.93, MIT has risen by more than 300% to its current price of $2.96 (as of 15 July 2020). Looking at the stock chart below, it also confirms that MIT’s share price has been on a steady upward trend since its IPO.

Source: Mapletree Industrial Trust Stock Information

Given MIT’s strong and consistent performance over the years, does it automatically make it a good buy? With this question in mind, I thus decided to do an analysis of MIT. Here are 10 things I learnt while analyzing the past 5 years of MIT’s annual reports.

Disclaimer: This post should not be used as a recommendation to either buy or sell MIT’s shares. I am merely sharing what I have learnt from analyzing MIT and deciding