Mapletree Industrial Trust's recent unit-price weakness offers a buying opportunity, DBS Group Research analysts say in a report, as they maintain a buy rating on the unit.
Investors are likely to be overly discounting the REIT portfolio's resilience at the current price, the analysts say.
Trading at an estimated FY 2026-2027 yields of around 6.4% and price-to-book ratio of 1.2x, the REIT's units are below historical mean, the analysts note.
Also, the REIT's well-timed acquisitions, diversified and expanding platform, and active lease-up of newly completed developments are poised to drive growth.
However, DBS trims its target price for the unit S$2.60 from S$2.70 after adjusting its earnings estimates to reflect upcoming vacancies and higher interest costs.
Units are 0.5% higher at S$2.09.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.