S-REITs Weekly - UOB Kay Hian 2020-04-27: 6.2% Correction After Two Weeks Of Solid Gains

S-REITs Weekly - UOB Kay Hian | SGinvestors.io MAPLETREE LOGISTICS TRUST (SGX:M44U)

S-REITs Weekly - 6.2% Correction After Two Weeks Of Solid Gains




WHAT’S NEW


Top outperformer.


Top underperformers.



SPOTLIGHT – MAPLETREE LOSGISTICS TRUST


Resiliency despite uncertainty.

  • In 1Q20, Mapletree Logistics Trust achieved positive rental reversion of 2.0% while occupancy edged higher by 0.3ppt q-o-q to 98.0% despite the COVID-19 pandemic.

Beneficiary of stockpiling and e-commerce activities.

  • Mapletree Logistics Trust benefits from stockpiling of daily necessities, such as rice, and growth in e-commerce transactions, which accounted for 20-25% of its overall business.

Intends to maintain stable distribution.


See S-REITs peer comparison table in attached PDF report. 






Jonathan KOH CFA UOB Kay Hian Research | Peihao LOKE UOB Kay Hian | https://research.uobkayhian.com/ 2020-04-27
SGX Stock Analyst Report BUY MAINTAIN BUY 2.080 SAME 2.080



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