Why I am Bullish on Mapletree Logistics Trust
$MAPLETREE LOGISTICS TRUST(M44U.SI)$ is Singapore's first Asia focused logistics Reit. The logistics industry is going through an unprecedented and rapid transformation. Can you imagine a world where nothing would be transported or delivered? The global logistics market is estimated to reach USD15. 5 Trillion by 2023 in terms of revenue alone.
Therefore MLT is poised to grow exponentially. MLT is acquiring a portfolio of 17 Grade A logistics assets with an average age of 1.6 years in China, Vietnam and Japan for a combined total value of SGD1. 4 Billion.
Hence MLT is currently raising funds to acquire the latest acquisition which will be dividend accretive. Total gross proceeds of the fund raising exercise will be SGD692. 8 million comprising of SGD400 million from private placement and SGD282. 8 million.
MLT Gross Revenue for 2Q FY21/22 was SGD165. 1 million, an increase of 25.2% year on year. Net Property Income rose 21.5% to SGD144. 4million.
Growth was driven by higher revenue from existing properties and contributions from new accretive acquisitions.
The good news for investors is that the Distribution Per Unit rose 5.7% year on year to 2.173cents.
With such great earnings and increasing DPU, I am most bullish on $MAPLETREE LOGISTICS TRUST(M44U.SI)$ ! Moreover, MLT has a great management team and a strong sponsor in Mapletree Investments with Assets Under Management of SGD 66.3 billion. The parent company is also backed by Temasek Holdings too.
$MAPLETREE LOGISTICS TRUST(M44U.SI)$ will stay relevant in today's global logistics market. Go Long, Go Strong, Go MLT! That's my maxim.
@小虎活动 SG Stocks
@小虎AV SG Stocks
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