On 25 January 2024, Mapletree Industrial Trust (“MIT”) have announced their third quarter results for FY2024. Overall the fundamentals have remained relatively stable, although borrowing costs continue to decrease their profits. Nonetheless with the recent decrease in share price, they may look more attractive than before for investors. Keep in mind as well that their financial year 31 March 2024 is closing soon over the next few months. We will be able to lookout for any potential adjustments to the valuations of their properties.

Website: Financial Statements And Related Announcement::Third Quarter Results

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

Background

MIT is a real estate investment trust listed on the Main Board of Singapore Exchange. The principal activity of MIT and its subsidiaries (the “Group”) is to invest in income-producing real estate used primarily for industrial purposes in Singapore and as data centres worldwide beyond Singapore, as well as real estate-related assets, with