Mapletree Industrial Faces Non-Renewal Risk for Some U.S. Leases -- Market Talk

Dow Jones2023-03-08

0122 GMT - Mapletree Industrial Trust faces risk of non-renewal for some U.S. leases, says UOB Kay Hian analyst Jonathan Koh in a research report. Tenants AT&T and Atos could vacate from the REIT's four U.S. data centers when their leases expire over next two years, the analyst says. The brokerage's sensitivity analysis indicates the REIT's FY 2026 distribution per unit and the unit's target price could drop by up to 8.9% and 8.6%, respectively. UOB Kay Hian's base-case scenario, which assumes the REIT backfills half of vacant data centers space, leads to FY 2026 DPU forecast of 14.0 Singapore cents and target price of S$2.79, versus S$3.30 previously. It maintains a buy rating on the units, which are 0.9% lower at S$2.31. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 07, 2023 20:22 ET (01:22 GMT)

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Tenants AT&T and Atos could vacate from the REIT's ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ME8U.SI","symbol_name":"丰树工业信托","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2317440374","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2317440374","pubTimestamp":1678238520,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0122 GMT - Mapletree Industrial Trust faces risk of non-renewal for some U.S. leases, says UOB Kay H","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ME8U.SI":"丰树工业信托","BK6512":"房地产股","BK6082":"工业房地产投资信托"},"translate_title":"枫树工业公司面临一些美国租约无法续签的风险——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ME8U.SI":0.9},"content_text":"0122 GMT - Mapletree Industrial Trust faces risk of non-renewal for some U.S. leases, says UOB Kay Hian analyst Jonathan Koh in a research report. 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