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Lobster
Elite |
23-Nov-2021 00:02
Yells: "Even Adam Khoo believes in the Black Market!" |
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Rights issue coming.....
Mapletree Logistics Trust Management Ltd., as manager of Mapletree Logistics Trust, wishes to announce that a conditional trust beneficial interest sale and purchase agreement has been entered into with an unrelated third party vendor, for the proposed acquisition of the trust beneficial interest in Kuwana Logistics Centre for a purchase consideration of JPY35,000 million (S$416.3 million) |
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subaru
Senior |
15-Nov-2021 12:06
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corporate action - listing of student accomodation reit? Waiting for the substabtial acquisition details, mentioned during Q3 report.
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Lobster
Elite |
15-Nov-2021 08:37
Yells: "Even Adam Khoo believes in the Black Market!" |
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Heard, mega corporate development within the group.. otw, possibly by early next year. No insider news, just heard from cofffee lady. | ||||
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Singpost
Master |
15-Nov-2021 08:33
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ready to move liao | ||||
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Singpost
Master |
08-Nov-2021 14:18
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share price keep going down .. missing in action somehow
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Lobster
Elite |
06-Nov-2021 12:51
Yells: "Even Adam Khoo believes in the Black Market!" |
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I think very few interested in this mighty MLT. That may change soon. Heard from coffee lady there is a mega corporate development going to happen as early as early next year within the Mapletree group that may or may not involve MLT. It might also involve a company outside. Please hor,Kelvin, I heard this from coffee shop uncles and coffee lady, no insiders tips..
Being in the logistics sector industry, the business of Mapletree Logistics Trust remains open across its various markets. Even though the resurgence of COVID-19 infections in recent months had led to extended lockdowns in various countries, the demand for the S-REIT&rsquo s warehouses has been resilient. The occupancy rates have stabilized at 97.8% in recent months, vis-à -vis a low of 97.1% in 2020. The steady business performances enabled Mapletree Logistics Trust share price (SX: M44U) to swiftly recovered from the market rout in March 2020. |
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Lobster
Elite |
27-Oct-2021 11:46
Yells: "Even Adam Khoo believes in the Black Market!" |
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Wow! Power! Hope some people will post this
Mapletree Logistics Trust prices S$400m perps at 3.725% redeems 4.18% perps |
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Joelton
Supreme |
26-Oct-2021 09:27
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Mapletree Logistics Trust posts Q2 DPU up 5.7% to S$0.02173 manager eyes ' substantial' acquisitions
THE manager of Mapletree Logistics Trust (MLT) Mapletree Log Tr: M44U +0.51% on Monday said total acquisition value for the FY21/22 ended March 2022 is expected to be &ldquo substantial&rdquo as the real estate investment trust (Reit) seeks to continue to fuel its growth.
&ldquo Last year, we did acquisitions of about S$1.6 billion. This year, hopefully, we can still do something around that range,&rdquo said Ng Kiat, chief executive officer of the manager, at a briefing following the release of its Q2 results after market close on Monday.
Apart from assets in China, Vietnam and Malaysia from its sponsor&rsquo s pipeline, Ng said the Reit is also looking to acquire properties in Japan, Australia and Korea.
&ldquo We are expecting a fairly large deal coming up from Japan,&rdquo Ng said. &ldquo We are in the process of hopefully closing a deal soon, over the next one month or so. That should be quite a nice property with a sizable gross floor area (GFA).&rdquo
Ng added that this Japan property acquisition is &ldquo larger than expected&rdquo and is expected to be &ldquo a good addition&rdquo to the MLT portfolio.
&ldquo In line with our strategy to strengthen our regional footprint, we have recently announced the proposed acquisitions of three modern logistics assets in Australia, Malaysia and South Korea. We will continue to focus on building up a quality portfolio and scaling up our network presence to capture opportunities in the logistics market,&rdquo she said.
At the same time, the manager said MLT is also looking to divest some of its smaller logistics properties with poorer specifications in the later part of this year or in the early part of next year.
MLT' s financial performance for the second quarter to September had been boosted by contributions from accretive acquisitions completed in FY20/21, higher revenue from existing properties and higher occupancy from a logistics park.
Mapletree Logistics Trust Management, MLT' s manager, reported on Oct 25 that the trust' s distributable income rose 19.2 per cent year-on-year to S$93.4 million in Q2.
Its distribution per unit (DPU) grew 5.7 per cent to 2.173 Singapore cents - payable on Dec 14 - despite having an enlarged unit base due to the equity fund raising completed in Q3 last year.
Gross revenue was S$165.1 million, after an increase of 25.2 per cent year-on-year. Net property income, reported MLT' s manager, was 21.5 per cent higher at S$144.4 million.
It added that 91 per cent of leases that were due for expiry have been renewed or replaced, while the weighted average lease expiry for its portfolio of 163 properties is approximately 3.7 years with portfolio occupancy at 97.8 per cent.
It has achieved a rental reversion of approximately 2.4 per cent on average, contributed by renewal or replacement leases from across almost all of its markets.
Its weighted average borrowing cost was unchanged at 2.2 per cent per annum, with the aggregate leverage standing at 38.2 per cent as at end-September. MLT' s manager said available credit facilities on hand showed that the trust has more than sufficient liquidity to meet its maturing debt obligations in this financial year FY 2022.
MLT has a debt maturity profile with an average debt duration of 3.6 years, while about 76 per cent of its total debt has been hedged into fixed rates, and about the same proportion of income stream for the next 12 months has been hedged into Singapore dollar.
MTL' s half-year financial results showed the trust has improved 19.2 per cent in its distributable income to S$186.1 million from S$156.1 million a year ago.
Gross revenue also jumped by about 24.4 per cent to S$328.8 million from S$264.2 million, while net property income rose 21.4 per cent to S$288.6 million from S$237.7 million.
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Lobster
Elite |
25-Oct-2021 20:13
Yells: "Even Adam Khoo believes in the Black Market!" |
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Mapletree Logistics Trust posts Q2 DPU up 5.7% to S$0.02173 manager eyes ' substantial' acquisitionsTHE manager of Mapletree Logistics Trust (MLT) Mapletree Log Tr: M44U +0.51% on Monday said total acquisition value for the FY21/22 ended March 2022 is expected to be &ldquo substantial&rdquo as the real estate investment trust (Reit) seeks to continue to fuel its growth. &ldquo Last year, we did acquisitions of about S$1.6 billion. This year, hopefully, we can still do something around that range,&rdquo said Ng Kiat, chief executive officer of the manager, at a briefing following the release of its Q2 results after market close on Monday. Apart from assets in China, Vietnam and Malaysia from its sponsor&rsquo s pipeline, Ng said the Reit is also looking to acquire properties in Japan, Australia and Korea. &ldquo We are expecting a fairly large deal coming up from Japan,&rdquo Ng said. &ldquo We are in the process of hopefully closing a deal soon, over the next one month or so. That should be quite a nice property with a sizable gross floor area (GFA).&rdquo Ng added that this Japan property acquisition is &ldquo larger than expected&rdquo and is expected to be &ldquo a good addition&rdquo to the MLT portfolio. &ldquo In line with our strategy to strengthen our regional footprint, we have recently announced the proposed acquisitions of three modern logistics assets in Australia, Malaysia and South Korea. We will continue to focus on building up a quality portfolio and scaling up our network presence to capture opportunities in the logistics market,&rdquo she said. At the same time, the manager said MLT is also looking to divest some of its smaller logistics properties with poorer specifications in the later part of this year or in the early part of next year. MLT' s financial performance for the second quarter to September had been boosted by contributions from accretive acquisitions completed in FY20/21, higher revenue from existing properties and higher occupancy from a logistics park. Mapletree Logistics Trust Management, MLT' s manager, reported on Oct 25 that the trust' s distributable income rose 19.2 per cent year-on-year to S$93.4 million in Q2. Its distribution per unit (DPU) grew 5.7 per cent to 2.173 Singapore cents - payable on Dec 14 - despite having an enlarged unit base due to the equity fund raising completed in Q3 last year. |
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spursfan
Supreme |
25-Oct-2021 17:42
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For Immediate Release Mapletree Logistics Trust&rsquo s 2Q FY21/22 DPU Rises 5.7% Year-on-Year to 2.173 cents Highlights: 6-month FY21/22 DPU is also 5.7% higher at 4.334 cents Continuing, steady growth underpinned by organic growth and accretive acquisitions Healthy portfolio metrics &ndash 97.8% occupancy and 3.7 years WALE Singapore, 25 October 2021 &ndash Mapletree Logistics Trust Management Ltd., as manager (the &ldquo Manager&rdquo ) of Mapletree Logistics Trust (&ldquo MLT&rdquo ), is pleased to announce that for the financial quarter ended 30 September 2021 (&ldquo 2Q FY21/22&rdquo ), MLT&rsquo s amount distributable to Unitholders rose 19.2% year-on-year to S$93.4 million, while distribution per Unit (&ldquo DPU&rdquo ) grew 5.7% to 2.173 cents, on an enlarged unit base due to the equity fund raising completed in 3Q FY20/21. ... https://links.sgx.com/FileOpen/20211025-MLT_2QFY2122%20PR_final.ashx?App=Announcement& FileID=687927 |
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Stocky901
Supreme |
21-Oct-2021 12:54
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Hmmm, not really. Funds raising soon. 🤔
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Singpost
Master |
21-Oct-2021 11:39
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is that a buy call ?
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Joelton
Supreme |
21-Oct-2021 09:17
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Mapletree Logistics Trust to acquire facility in South Korea for 135b won
MAPLETREE Logistics Trust (MLT) is acquiring a 2-year-old logistics facility in South Korea for 135 billion Korean won (S$153.8 million) to boost its strength in the e-commerce market.
The property, Yeoju Logistics Centre, spans over 70,400 square metres in total gross floor area and sits on 56,200 sq m of freehold land. It has 2 blocks of 3-storey dry warehouses and is fully leased to one of South Korea' s largest online fashion platforms and a domestic third-party logistics service provider.
" With a weighted average lease expiry (by net lettable area) of approximately 3.1 years and built-in annual rent escalations, the acquisition will provide MLT with a stable and growing income stream," the manager said.
MLT' s e-commerce revenue exposure in South Korea is expected to rise to 31 per cent from 24 per cent following the acquisition. The transaction is also estimated to generate a net property income yield of 4.2 per cent based on the property purchase price and is expected to be accretive to MLT' s distribution per unit.
The logistics facility is located in northern Yeoju, a newly established logistics hub with efficient access to 2 major expressways connected to Seoul. With the addition of the facility, MLT' s portfolio in the Seoul metropolitan area will be increased to 19 assets.
The acquisition is expected to be completed by end-2021. Assuming it is fully funded by debt, MLT' s aggregate gearing ratio will be 40.3 per cent.
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Stocky901
Supreme |
05-Oct-2021 16:42
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Interest rate is going to rise. Not good for REITs. | ||||
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Checkerman
Master |
05-Oct-2021 16:10
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can buy now tomorrow will rebound
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turtletrader
Senior |
05-Oct-2021 15:51
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Ya, what happen to MLT? Quite a big drop today, abit tempted to buy some... | ||||
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subaru
Senior |
05-Oct-2021 13:34
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any news that caused price weakness ? | ||||
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PhillipTan
Supreme |
30-Sep-2021 01:25
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Industrial S-REITs remain ' choice sector' top picks being A-REIT, FLCT and MLTIndustrial Singapore REITs (S-REITs) are now the plays for the " new economy" , write DBS Group Research analysts Dale Lai and Derek Tan in a sector report on Sept 23." Investors have often baulked at the industrial S-REITs' tight yields of [around] 5.7% (4.5% for large caps) but we believe that this premium is justified," say the analysts. " With the sector' s earnings resilience proven during the Covid-19 recession and with economies re-opening, we believe that sector remains on a firm footing to deliver decent growth of more than 3% compound annual growth rate (CAGR) over FY2021-FY2023," they add. In the report, Lai and Tan suggest that investors invest alongside structural growth trends within the new economy assets of logistics, data centres and business parks. The mix, say Lai and Tan, will deliver both growth and capital upside. Industrial REITs have been actively growing their portfolios in recent years, with over $6.7 billion announced and completed year-to-date (y-t-d), which now contribute close to 90% of assets. During the onset of the Covid-19 pandemic in March 2020, yield spreads between large-cap and mid-cap industrial REITs peaked at 4.0%. Since then, the sub-sector have mostly outperformed other sectors, with it being " the most defensive and least impacted by the pandemic" . The way Lai and Tan see it, industrial REITs will deliver strong growth momentum from FY2022 onwards. However, returns are looking " increasingly compressed" with competition from funds. " In the past 10 years, we have seen dividend yields of industrial S-REITs compressing steadily. Between the beginning of 2011 and now, the most significant yield compression was experienced at the end of FY2017. In the first six years of the last decade, industrial S-REITs have been trading at an average yield of [around] 7.2%," note the analysts. To this end, REITs' sponsors' pipeline and the ability to kick-start greenfield or brownfield developments will be an advantage to any REIT going forward. " In our estimation, large-cap REITs have a potential pipeline of more than $7.8 billion they could tap on in the near future. Mid-cap REITs have a significantly smaller potential pipeline of $2.6 billion in realisable pipeline they could tap on. In our opinion, this is likely the key reason for the premium valuations of the large-cap industrial REITs," say the analysts. Among the S-REITs, Lai and Tan have indicated their preference for Ascendas REIT (A-REIT), Frasers Logistics & Commercial Trust (FLCT) and Mapletree Logistics Trust (MLT). " In the large-cap REITs space, we prefer FLCT and MLT for their growth potential and access to high-quality new economy assets that are increasingly becoming harder to come by," they write. " We also like A-REIT for its diversified exposure to new economy asset plays, coupled with its attractive yields," they add. To them, these REITs have a " continued access to pipelines that can potentially grow their assets under management (AUM) by 13% to 40%" . " [Their] redevelopments to rejuvenate some of their ageing assets will offer added upside to net asset values (NAVs)," they write. Selected mid-cap industrial REITs such as Ascendas India Trust, ARA LOGOS Logistics Trust (ALLT) and ESR-REIT could also benefit from their sponsors' pipeline with a lower cost of capital. Ascendas India Trust has recently invested into a data centre development - deemed a " new economy asset class" - in Mumbai. " With a surge in demand for data centre space globally, Ascendas India Trust' s entry into the data centre asset class at this opportune time will enable it to grow its portfolio quickly," write the analysts. ALLT is another trust that could see " exponential growth" in its portfolio following its share price rally at the start of 2021. " LOGOS has also been quick in demonstrating its commitment to ALLT since taking over as the REIT' s new Sponsor. Having addressed concerns of a lack of acquisition pipeline ALLT faced previously, we believe that it could be another mid-cap REIT to benefit from robust portfolio growth going forward," say Lai and Tan. Finally, ESR-REIT' s improved share price, in addition to its sponsor' s remaining stake in the Australian property fund, could " pave the way for more accretive pipeline acquisitions in the future" . " Moreover, with its sponsor being one of the largest logistics and industrial developers and fund managers in the region, this could provide ESR-REIT with a multitude of pipeline acquisitions in the future," say the analysts. Among the mid-caps, Lai and Tan say they prefer ALLT and ESR-REIT " for their access to new economy assets from sponsor pipelines" . Furthermore, both REITs have been included into the FTSE EPRA NAREIT Developed Asia Index on Sept 20, which could be a catalyst to support their " much-improved share prices" . " With the improvement in their respective weighted average cost of capital (WACC), we believe that conditions are conducive for both REITs to embark on further accretive acquisitions to rival those of their large-cap peers. Moreover, any acquisitions will have an incrementally significant impact to their earnings given their smaller AUM," say Lai and Tan. |
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Lobster
Elite |
31-Aug-2021 23:40
Yells: "Even Adam Khoo believes in the Black Market!" |
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10 S-Reits yielding long-term annualised returns based on 10 YEAR Annualised Total Returns (%) Mapletree Industrial Trust 10 Yrs ATR = 16.7 % Mapletree Logistics Trust 10 Yrs ATR = 16 % Mapletree Commercial Trust. 10 Yrs ATR = 15.8% ParkwayLife Reit 10 Yrs ATR = 15% Aims Apac Reit 10 Yrs ATR = 12.9% Ascendas India Trust 10 Yrs ATR = 11.8% Frasers Centrepoint Trust. 10 Yrs ATR = 10.8% Ascendas Reit. 10 Yrs ATR = 10.4% Ara Logos Logistics Trust 10 Yrs ATR = 8.0% ESR-Reit. 10 Yrs ATR = 7.9% |
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Lobster
Elite |
31-Aug-2021 23:06
Yells: "Even Adam Khoo believes in the Black Market!" |
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I am surprised nobody posted these
10 S-Reits yielding long-term annualised returns |
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