Brokers' take

Mapletree Industrial Trust | Buy Target price: S$1.94 Sept 27 close: S$1.85 DBS Group Research, Sept 27

Mapletree Industrial Trust (MIT) announced the expansion of their investment mandate to include overseas income producing real estate primary for data-center use. The new mandate will be effective from Oct 26.

Key target markets that the Reit manager has identified include gateway cities in the Asia-Pacific region, Europe and the US. These cities offer advanced infrastructure power and global connectivity which support the growth of data-center real estate. Supported by strong government support…