Brokers' take

Mapletree Industrial Trust | Buy (maintained) July 11close: S$2.32 Target price: S$2.50 DBS Equity Research, July 10

The latest redevelopment at Kolam Ayer Cluster for S$263 million, completing in the second half of 2022, highlights the strong value offered by Mapletree Industrial Trust's largely centrally located portfolio.

Upon completion, the project is projected to deliver a return of investment of 8 per cent, which we estimate will more than quadruple the asset's current revenue contribution.

We are firm believers of the Reit's inorganic growth strategy with a focus on developments in Singapore.…