Mapletree Industrial Trust
ME8U: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 6.20 | Scxp | Bxzszdbwh |
Mapletree Industrial Trust Q2 Fiscal 2023 in Line; DPU Missed on Higher Borrowing Costs
Business Strategy and Outlook
Mapletree Industrial Trust, or MIT, invests in income-producing properties used for the purpose of industrial and data center activities in Singapore and the United States. Its portfolio comprises data centers, high-tech buildings, business parks, and general industrial buildings. Since its IPO, the trust’s manager has grown the trust’s assets under management and distribution per unit by using a mixture of active lease management, asset enhancement initiatives and acquisitions.