Shares & Derivatives
Mapletree Industrial Trust’s 4Q FY23/24 Result Review
By REIT-TIREMENT  •  May 5, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have seen slight improvements year-over-year, mainly driven by contributions from the newly acquired data centre in Osaka and new leases at the redeveloped property at Mapletree Hi-Tech Park @ Kallang Way. Additionally, distributions declared by joint ventures have significantly increased. Consequently, distribution to unitholders and DPU have improved. Rental Reversion The weighted average rental reversion is at 6.6%. Divestment MIT divested the Tanglin Halt Cluster in March. Related Parties Shareholding The directors of the REIT manager hold a relatively high number of shares. Lease Profile The overall lease profile falls within the median range with a well-spread lease expiry. Debt Profile Overall, the debt profile is excellent. Diversification Profile Despite its geographical concentration, the portfolio exhibits diversification in terms of both properties and tenants. Key Financial Metrics Property yield, operating distributable income on capital and operating distributable income margin are relatively high. DPU Breakdown TTM Distributable Income Breakdown:96.1% from Operation1.4% from...
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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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