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Mapletree Industrial Trust (MIT)

SGX:ME8U
Dividend Yield 4.8%
P/B Ratio 1.21
Aggregate Leverage Ratio 38.7
Occupancy Rate 91.4%
WALE 4.4 year(s)
Interest Coverage Ratio 4.3 times
Fixed Rate Debt 84.6%
Ex-dividend Date 3 May 2024
Record Date 6 May 2024
Payout Date 10 Jun 2024
Type Industrial & Data Centers

Remarks

MIT's debt profile is relatively stable. The aggregate leverage ratio increased slightly to 38.7% last quarter, up from 38.6% in the previous quarter. Despite the increase, the ratio is still relatively healthy, much lower than the regulatory limit of 50%. A lower aggregate leverage ratio may allow MIT to maneuver in the future despite the higher interest rate environment.
David Ang - 26 Apr 2024
Mapletree Industrial Trust (MIT) has a well-managed debt maturity profile, with only 2.5% due for refinancing in FY24/25 and 19.9% in FY25/26. The fixed borrowing rate is also healthy at 84.6%.
David Ang - 26 Apr 2024
Mapletree Industrial Trust (MIT)'s DPU increased by 0.9% YoY to 3.36 cents in 4Q FY23/24.
David Ang - 26 Apr 2024

Geographical Exposure

Singapore 48.5%
United States 46.6%
Japan 4.9%

Sectoral Exposure

Data Center 54.8%
Industrial 39.2%
Office 6%

Dividend Distribution History (DPU)

Debt Maturity Profile

In $ millions
Show debt maturity profile details
Fiscal Year Debt (in $ millions) Percentage
FY24/25 75 2.5%
FY25/26 593 19.9%
FY26/27 647 21.7%
FY27/28 803 26.9%
FY28/29 472 15.8%
FY30/31 247 8.2%
FY35/36 59 2%
FY38/39 90 3%
Disclaimer: We do not guarantee the data above is accurate. The information presented here is for general information only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort. Please do your own research before investing.