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Brokers' take
Published Thu, Jul 11, 2019 · 09:50 PM
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.
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