On 25 October 2023, Mapletree Industrial Trust (“MIT”) have announced half year results for FY2024. MIT together with the rest of the equities in the market have seen their share price rallied over the last few days, with the Federal Reserve announcing potential interest rate cuts in 2024. This is an expected market reaction. Not only will DPU improve with lowered financing costs, but safe assets will also likely yield lower, making the yields of equities look attractive. Naturally then investors will be more willing to pay a higher premium for these equities as compared to the previous month.

Investors will still need to assess if the rally can be sustained for the long term. If not, there may still be opportunities over the next few months.

Website: Financial Statements And Related Announcement::Second Quarter And/Or Half Yearly Results

Photo source: https://fifthperson.com/2021-mapletree-industrial-trust-agm/

Background

MIT is a real estate investment trust