gingwien avatar
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gingwien Verified business

A fairly detailed analysis of $Mapletree Log Tr(M44U.SI) for those interested in REIT investing.

We think that MLT it would provide fairly stable and predictable returns for unitholders. The downside risk for both stocks are also well managed. We like the fact that MLT has a strong sponsor with a healthy pipeline of assets to acquire to feed its growth. We also like the fact that its has long term leases with WALE of 3.9 years, a fairly diversified lease profile and a prudent management of foreign exchange risk.

But there are certainly risk in MLT to watch out for and guidance on valuations and entry prices which is covered in the article.

Feedback is welcomed!

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bgting and goh6570 like this.
akwl88 :

Using a different approach, we used a 15-year discounted DPU modal with no terminal value. The DPU growth rate is estimated at 3.07% and we opt for a discount rate of 2.75% which is approximately the Singapore Savings Bond (SSB) long term interest rate. Based on this, we derive an intrinsic value of $1.144. Similarly, investors should invest only at a price below $1.144 so that there is a comfortable safety margin. aking the lower of the 2 estimated value of MLT’s share price, we think that investors should be conservative and invest only when the share price trades below $1.12 with a comfortable margin-of-safety. At time of writing, the share price is currently trading at $1.195.

gingwien :

Reply to @akwl88 : Thanks for re-posting the analysis from the article.

Let me know if you have any feedback or comments. Happy to hear where we can improve on the analysis.

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"Do you know the only thing that gives me pleasure? It's to see my dividends coming in." ~John D. Rockefeller~

Another 'Power of CD' season is upon us again, guys! Rejoice!

Results release dates:
$SPHREIT(SK6U.SI) - 9 Oct (DPU up 0.71% y-o-y: 1.42 cents)
$SoilbuildBizReit(SV3U.SI) - 13 Oct (DPU down 1.8% y-o-y: 1.374 cents)
$Kep Infra Tr(A7RU.SI) - 16 Oct (DPU flat y-o-y: 0.93 cents)
$Keppel DC Reit(AJBU.SI) - 16 Oct (DPU up 4.2% y-o-y: 1.74 cents)
$ESR-REIT(J91U.SI) - 17 Oct (DPU down 2.3% y-o-y: 0.964 cents)
$Keppel Reit(K71U.SI) - 17 Oct (DPU down 12.5% y-o-y: 1.4 cents)
$CapitaCom Trust(C61U.SI) - 20 Oct (DPU up 2.6% y-o-y: 2.36 cents)
$CapitaMall Trust(C38U.SI) - 20 Oct (DPU flat y-o-y: 2.78 cents)
$Frasers Com Tr(ND8U.SI) - 20 Oct (DPU down 1.6% y-o-y: 2.41 cents)
$Mapletree GCC Tr(RW0U.SI) - 20 Oct (DPU up 2.9% y-o-y: 3.714 cents)
$CapitaR China Tr(AU8U.SI) - 23 Oct (DPU up 0.4% y-o-y: 2.37 cents)
$First Reit(AW9U.SI) - 23 Oct (DPU up 0.9% y-o-y: 2.14 cents)
$Mapletree Log Tr(M44U.SI) - 23 Oct (DPU up 1.5% y-o-y: 1.887 cents)
$Sabana Reit(M1GU.SI) - 23 Oct (DPU down 2.5% y-o-y: 0.79 cents)
$Ascott Reit(A68U.SI) - 24 Oct (AM)
$Cache Log Trust(K2LU.SI) - 24 Oct
$Mapletree Ind Tr(ME8U.SI) - 24 Oct
$Frasers Cpt Tr(J69U.SI) - 25 Oct (AM)
$Mapletree Com Tr(N2IU.SI) - 25 Oct
$CDL HTrust(J85.SI) - 27 Oct (AM)
$Frasers HTrust(ACV.SI) - 27 Oct
$StarhillGbl Reit(P40U.SI) - 27 Oct
$Suntec Reit(T82U.SI) - 27 Oct (AM)
$Viva Ind Tr(T8B.SI) - 27 Oct (AM)
$Ascendas Reit(A17U.SI) - 30 Oct
$OUE HTrust(SK7.SI) - 1 Nov
$Frasers L&I Tr(BUOU.SI) - 2 Nov (AM)
$Lippo Malls Tr(D5IU.SI) - 2 Nov
$ParkwayLife Reit(C2PU.SI) - 9 Nov (AM)
$Accordia Golf Tr(ADQU.SI) - 13 Nov

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cronoficator avatar
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$CapitaCom Trust(C61U.SI) $Mapletree Log Tr(M44U.SI)

Anyone using SCB? I haven't receive a SMS or letter from them on rights.

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BrennenPak Verified user

Several REITs are issuing rights lately. Those holding a lot of REITs need to have enough cash to support these issues in order not to dilute the holdings. $ManulifeReit USD(BTOU.SI), $Mapletree Log Tr(M44U.SI), $CapitaCom Trust(C61U.SI)

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