Broker Name: DBS
Date of Report: (Date not specified in document; inferred to be latest post-3QFY26 results)

Excerpt from DBS report.

Report Summary

• Mapletree Logistics Trust (MLT) reported 3QFY26 DPU of 1.817 Scts, stable quarter-on-quarter and above internal expectations, driven by resilient operations despite currency headwinds and China weakness.
• Rental reversions are improving, with China’s negative reversions narrowing and expected to stabilize soon, while other key Pan-Asian markets showed positive rental growth.
• MLT is focused on asset recycling, planning divestment of selected China assets and seeking new opportunities in Singapore, Korea, and Vietnam, with SGD 100–150mn targeted for acquisitions.
• Financial and operating metrics remain stable with comfortable leverage, interest coverage, and high occupancy rates across core markets.
• Management maintains a constructive outlook, with DPU growth expected to resume as China stabilizes and new investments are executed, supporting a BUY rating and SGD 1.55 target price.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com