Lifetime Membership A brand new year! In this article, I will talk about Mapletree Logistics Trust (SGX: M44U). The key reason for this blog entry is to note down my thought process as I contemplate to channel more SRS monies in this counter.
For background, Mapletree Logistics Trust (SGX: M44U) is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 30 September 2024, it has a portfolio of 179 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam.
As a whole, the S-REIT sector has been struggling for the past few years due to the high interest rate environment. Mapletree Logistics Trust (SGX: M44U) is no exception. However, the challenge for Mapletree Logistics Trust has been exacerbated due to its significant exposure to the China market, which has been in a prolonged real estate downturn. In 2024, the unit price of Mapletree Logistics Trust (SGX: M44U) has tumbled nearly 26%.
The Fed’s first jumbo rate cut in September has somewhat stimulated the counter and led to a mini-rally as Mapletree Logistics Trust unit price surged from $1.26 on 12 August to $1.50 on 2 October.
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