MapleTree Industrial Trust REITS - long
Weekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside.
MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres.
The total addressable market size of data centre in Singapore alone, in terms of spending opportunity, is expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025. Thus there is more potential for growth for MIT. I believe this is a long term hold, and dividend yield is 4.46%, which is not bad at all.
Gross revenue has been consistently increasing for past 5 years (average 7.07% for year 2017 to 2021).
Assets has also been on an uptrend since 2017. Total valuation of the 115 properties held by MIT is S$6,762m, and 41% of those at data centre.
Occupancy has also increased from 90.9% to 92.6% overall from 2020 to 2021.
Tenancy are also diversified across different trade sectors such as manufacturing, retail trade, financial and information & communications.
Long term PT is 3, then 3.3.
I think a great area for buying would be 2.4 range.
However, it is in a weekly descending wedge. If it does breakout strongly, I will look to buy in on retest of breakout area.
MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres.
The total addressable market size of data centre in Singapore alone, in terms of spending opportunity, is expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025. Thus there is more potential for growth for MIT. I believe this is a long term hold, and dividend yield is 4.46%, which is not bad at all.
Gross revenue has been consistently increasing for past 5 years (average 7.07% for year 2017 to 2021).
Assets has also been on an uptrend since 2017. Total valuation of the 115 properties held by MIT is S$6,762m, and 41% of those at data centre.
Occupancy has also increased from 90.9% to 92.6% overall from 2020 to 2021.
Tenancy are also diversified across different trade sectors such as manufacturing, retail trade, financial and information & communications.
Long term PT is 3, then 3.3.
I think a great area for buying would be 2.4 range.
However, it is in a weekly descending wedge. If it does breakout strongly, I will look to buy in on retest of breakout area.
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