Lower DPU but positive rental reversions for Mapletree Industrial Trust leave analysts mixed
Analyst opinion is split on Mapletree Industrial Trust (MINT), following the reported results of its 1QFY2024 ending June 30. The trust’s distribution per unit (DPU) dipped 2.9% year-on-year to 3.39 cents, but managed a 1.8% quarter-on-quarter increase, in line with forecasts from OCBC Investment Research (OIR), DBS Group Research and CGS-CIMB Research who have maintained […]