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Brokers' Take

Mapletree Logistics Trust | Buy

Target price: S$1.04

Jan 26 close: S$0.93

OCBC Investment Research, Jan 26

ALTHOUGH Mapletree Logistics Trust (MLT) continued to face headwinds, it delivered positive rental reversions averaging 5 per cent in Q3FY16. Overall portfolio occupancy was kept unchanged at 96.9 per cent on a quarter-on-quarter basis. Year to date, it has renewed or replaced 93 per cent of its leases due for expiry in FY16.

We trim our FY16 DPU forecasts slightly by 2.2 per cent, and our FY17 DPU...

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