Morningstar

Mapletree Industrial Trust Units Real Estate Investment Trust ME8U

Morningstar Rating
Unlock
Stock XSES Rating as of
SGD 1.83 −0.02 (1.08%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Mapletree Industrial Trust's Portfolio of Data Centers Benefits From Strong Secular Demand

Xavier Lee

Mapletree Industrial Trust invests in income-producing properties used for industrial and data center activities in Singapore, North America, and Japan. Its portfolio consists of data centers, high-tech buildings, business parks, and general industrial buildings. Since its IPO, MIT’s manager has increased the trust’s assets under management and distributions per unit by using a mixture of asset enhancement initiatives, active lease management, and acquisitions.

Read Analysis

Price vs Fair Value

View History
ME8U is trading at a LOCK|t@yV premium.
Price
SGD 1.83
Fair Value
Ld
Uncertainty
LOCK|Wg
1-Star Price
LOCK|SW
5-Star Price
H.!
Economic Moat
LOCK|r$
Capital Allocation
LOCK|Jz%&t<q

Bulls Say, Bears Say

Bulls

Mapletree Industrial Trust has a strong sponsor with a pipeline of data center assets for acquisition.

Bears

Landlords of industrial and business park properties have low pricing power, given the limited barriers to entry in constructing such properties.

Show More

Trading Information

Previous Close Price
SGD 1.85
Day Range
SGD 1.83–1.86
52-Week Range
SGD 1.83–2.22
Bid/Ask
SGD 1.83 / SGD 1.84
Shares Outstanding
2.86B
Market Cap
SGD 5.22B
Volume/Avg
9M / 6M

Key Statistics

Price/Earnings (Normalized)
25.94
Price/Sales
8.28
Dividend Yield (Trailing)
6.86%
Dividend Yield (Forward)
6.86%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
6.86%

Company Profile

Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
Sector
Real Estate
Industry
REIT - Industrial
Stock Style Box
Mid Value
Total Number of Employees
186
Website
https://www.mapletreeindustrialtrust.com

Competitors

Valuation

View More
Metric
ME8U
AJBU
A17U
Price/Earnings (Normalized)
 25.9416.4212.52
Price/Book Value
 1.121.230.98
Price/Sales
 8.2810.766.56
Price/Cash Flow
 14.6715.3913.30
Price/Earnings
ME8U
AJBU
A17U

Financial Strength

Metric
ME8U
AJBU
A17U
Quick Ratio
 0.191.510.13
Current Ratio
 0.191.580.13
Interest Coverage
 3.659.513.86
Quick Ratio
ME8U
AJBU
A17U

Profitability

Metric
ME8U
AJBU
A17U
Return on Assets (Normalized)
 2.57%7.02%4.65%
Return on Equity (Normalized)
 4.41%11.18%8.62%
Return on Invested Capital (Normalized)
 3.08%7.90%6.29%
Return on Assets
ME8U
AJBU
A17U

REIT - Industrial Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Prologis Inc
PLD
LOCK|>vTq>?dLOCK|nc^$123B
 Public Storage
PSA
LOCK|L&DH&K%LOCK|r@$53B
 Extra Space Storage Inc
EXR
LOCK|$<D#vzKdLOCK|!^$28B
 Segro PLC
SEGXF
—LOCK|BWN$16B
 EastGroup Properties Inc
EGP
—LOCK|%Shyg$11B
 CapitaLand Ascendas REIT Units
ACDSF
—LOCK|q%$9B
 CubeSmart
CUBE
LOCK|J#P!g?LOCK|J^$8B
 Rexford Industrial Realty Inc
REXR
—LOCK|Y$$8B
 First Industrial Realty Trust Inc
FR
—LOCK|BPV$8B
 Americold Realty Trust Inc
COLD
LOCK|Z@G?>@LOCK|Nt$4B

Sponsor Center