We compare two popular industrial REITs to find out what may be driving the difference in their dividends and share price performance.
This article was first published on 29 March 2024.
What happened?
Earlier, we shared that Mapletree Logistics Trust is one of the six Singapore REITs that raised its dividends in 2023.
However, Mapletree Logistics Trust’s share price has not performed as well, declining by close to 15% year-to-date to reach S$1.46 as of 28 March 2024.
On the other hand, Mapletree Industrial Trust was one best performing REITs in 2023, even as its dividends declined in the past year.
This would make Mapletree Industrial Trust one of the more resilient Singapore REITs, joining CapitaLand Ascendas REIT in posting positive share price performance in the past year despite industry headwinds.
This led some investors in the Beansprout community to ask if we could compare Mapletree Industrial Trust and Mapletree Logistics Trust to find out which is the better industrial REIT....