Mapletree Logistics Trust (M44U) Stock Overview
Mapletree Logistics Trust, the first Asia Pacific-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
M44U Community Fair Values
Create NarrativeSee what 71 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Mapletree Logistics Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$1.18 |
| 52 Week High | S$1.37 |
| 52 Week Low | S$1.09 |
| Beta | 0.60 |
| 1 Month Change | -0.84% |
| 3 Month Change | -1.67% |
| 1 Year Change | 6.31% |
| 3 Year Change | -27.61% |
| 5 Year Change | -41.29% |
| Change since IPO | 33.33% |
Recent News & Updates
Narrative Update • Jun 02
M44U: Fair Outlook As New Payout Details Meet Rebased Earnings Assumptions
Analysts have adjusted their fair value estimate for Mapletree Logistics Trust slightly from SGD1.1962 to about SGD1.20. This reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E multiples following recent research.
Narrative Update • May 15
M44U: Future Returns Will Reflect Stable Distributions Supported By Higher Projected P E
Analysts have trimmed their SGD fair value estimate for Mapletree Logistics Trust from SGD1.43 to SGD1.40. This reflects updated assumptions around revenue growth, profit margins and a higher projected future P/E multiple, alongside recent Street research that has turned more constructive on the trust's positioning.Narrative Update • May 01
M44U: Fair Outlook As Higher Risk Assumptions Meet Revised Earnings Profile
Analysts have nudged their SGD fair value estimate for Mapletree Logistics Trust from SGD1.25 to about SGD1.20. This reflects an updated view that balances a slightly higher discount rate with changes in assumed revenue growth, profit margins and future P/E expectations following recent research updates.Narrative Update • Apr 15
M44U: Future Returns Will Reflect Stable Distributions And Lower Discount Rate Risk
Analysts have nudged their price target on Mapletree Logistics Trust slightly higher to about SGD 1.43 from roughly SGD 1.43, citing updated assumptions around discount rate, revenue growth and profit margin following recent Street research. Analyst Commentary Recent Street research, including an upgrade from Goldman Sachs, highlights a mix of optimism and caution around Mapletree Logistics Trust, with views centred on how updated assumptions around discount rates, revenue trends and margins feed into valuation and execution risk.Recent updates
Narrative Update • Jun 02
M44U: Fair Outlook As New Payout Details Meet Rebased Earnings Assumptions
Analysts have adjusted their fair value estimate for Mapletree Logistics Trust slightly from SGD1.1962 to about SGD1.20. This reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E multiples following recent research.Narrative Update • May 15
M44U: Future Returns Will Reflect Stable Distributions Supported By Higher Projected P E
Analysts have trimmed their SGD fair value estimate for Mapletree Logistics Trust from SGD1.43 to SGD1.40. This reflects updated assumptions around revenue growth, profit margins and a higher projected future P/E multiple, alongside recent Street research that has turned more constructive on the trust's positioning.Narrative Update • May 01
M44U: Fair Outlook As Higher Risk Assumptions Meet Revised Earnings Profile
Analysts have nudged their SGD fair value estimate for Mapletree Logistics Trust from SGD1.25 to about SGD1.20. This reflects an updated view that balances a slightly higher discount rate with changes in assumed revenue growth, profit margins and future P/E expectations following recent research updates.Narrative Update • Apr 15
M44U: Future Returns Will Reflect Stable Distributions And Lower Discount Rate Risk
Analysts have nudged their price target on Mapletree Logistics Trust slightly higher to about SGD 1.43 from roughly SGD 1.43, citing updated assumptions around discount rate, revenue growth and profit margin following recent Street research. Analyst Commentary Recent Street research, including an upgrade from Goldman Sachs, highlights a mix of optimism and caution around Mapletree Logistics Trust, with views centred on how updated assumptions around discount rates, revenue trends and margins feed into valuation and execution risk.Narrative Update • Mar 31
M44U: Future Returns Will Reflect Stable Distributions And Slightly Higher Required Yields
Analysts have kept their SGD 1.43 price target for Mapletree Logistics Trust broadly unchanged, with only very small tweaks to the discount rate and assumed future P/E, reflecting fine tuning of their valuation framework rather than a shift in view. What's in the News Planned distribution of 1.816 cents per unit for the period from 1 October 2025 to 31 December 2025, with payment scheduled on 18 March 2026 (Key Developments).Narrative Update • Mar 17
M44U: Future Returns Will Reflect Stable Distributions And Slightly Higher Required Yields
Analysts have nudged their price target on Mapletree Logistics Trust slightly lower from SGD 1.44 to about SGD 1.43. This reflects modest adjustments to discount rate, revenue growth and profit margin assumptions, while keeping future P/E expectations broadly similar.
Narrative Update • Mar 03
M44U: Upcoming Distribution Will Support Future Distribution Upside Potential
Analysts have marginally revised their price target for Mapletree Logistics Trust, maintaining it at SGD 1.67, based on updated assumptions that now incorporate a higher discount rate, slightly adjusted revenue growth expectations, a somewhat stronger profit margin profile, and a marginally lower future P/E multiple. What's in the News Mapletree Logistics Trust plans to pay a distribution of 1.816 cents per unit for the period from 1 October 2025 to 31 December 2025, with payment scheduled for 18 March 2026 (Key Developments).Narrative Update • Feb 17
M44U: Future Returns Will Reflect Priced China Rents And Softer Ex China Trends
Analysts have inched up their SGD fair value estimate for Mapletree Logistics Trust to SGD 1.44 from SGD 1.43, reflecting updated assumptions on discount rate, revenue growth, profit margins and a slightly lower future P/E multiple. They are also factoring in the recent downgrade to Neutral and the SGD 1.31 price target, as they see improving Mainland China rent reversion as largely reflected in the unit price and note softer rent trends outside China.Narrative Update • Feb 03
M44U: Mainland China Rent Reversion Will Support Future Distribution Upside
Analysts have marginally raised their fair value estimate for Mapletree Logistics Trust from S$1.66 to S$1.67. This reflects updated assumptions on revenue growth, profit margins and a slightly lower discount rate, and also acknowledges that recent outperformance and China rent reversion trends are now better reflected in the units.Narrative Update • Jan 20
M44U: Future Returns Will Reflect Priced China Rents And Softer Ex China Reversion
Analysts have nudged their fair value estimate for Mapletree Logistics Trust slightly higher to S$1.43 from S$1.43, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E, while also acknowledging recent Street views that recent outperformance and improving Mainland China rent reversion are now largely reflected in the unit price. Analyst Commentary Bullish Takeaways Bullish analysts point to the 19% unit price gain over the past six months as evidence that investors have been willing to pay up for execution in key markets such as Mainland China.Narrative Update • Jan 05
M44U: Fair Outlook As China Rent Gains Meet Slower Ex China Reversion
Analysts have lifted their fair value estimate for Mapletree Logistics Trust from S$0.97 to S$1.25, reflecting updated assumptions on revenue growth, profit margins and future P/E, while also acknowledging recent share price strength and the view that improving Mainland China rent reversion is now largely priced in after the recent downgrade to Neutral by the Street. Analyst Commentary Recent Street commentary around Mapletree Logistics Trust has turned more cautious, with attention shifting from past share price strength to what might be achievable from here on current fundamentals.Narrative Update • Dec 18
M44U Will Benefit From Mainland China Rent Reversion And Resilient Occupancy
Analysts have revised their price target for Mapletree Logistics Trust higher to S$1.66 from S$1.59, reflecting slightly stronger revenue growth assumptions, as well as a more conservative discount rate and profit margin outlook following recent sector outperformance that is believed to have already priced in the benefits of improving Mainland China rent reversion. Analyst Commentary Despite the recent moderation in sector calls, bullish analysts highlight that Mapletree Logistics Trust remains well positioned to capture structural demand for modern logistics facilities across Asia, particularly as supply in key markets stays relatively disciplined.Narrative Update • Dec 03
M44U: Future Returns Will Reflect Priced China Rents And Softer Ex China Trends
Analysts have slightly raised their price target for Mapletree Logistics Trust from S$1.42 to S$1.43, reflecting modestly improved profit margin and valuation assumptions, even as they caution that much of the upside from stronger Mainland China rent reversions now appears priced in and ex China rent reversion has softened. Analyst Commentary Analysts note that the recent rally in Mapletree Logistics Trust has been driven largely by better than expected rent reversions in its Mainland China portfolio, supporting a re-rating of its earnings outlook and net asset value.Narrative Update • Nov 19
M44U: Future Prospects Will Reflect Fully Priced Mainland China Rent Upside
Analysts have revised Mapletree Logistics Trust’s price target downward to S$1.31, citing strong recent outperformance and the view that positive factors, especially Mainland China rent reversions, are now fully reflected in the current share price. Analyst Commentary Recent analyst evaluations highlight shifting views on Mapletree Logistics Trust.Narrative Update • Nov 05
M44U: Fair Value Outlook Will Reflect Strengthening Margins And Higher Payouts Ahead
Analysts have raised their fair value estimate for Mapletree Logistics Trust from $1.34 to $1.42. They cite improved revenue growth forecasts and a stronger profit margin outlook as the reasons for the revision.Narrative Update • Oct 22
Analysts Lift Mapletree Logistics Trust Price Target Following Improved Margins and Valuation Adjustments
Analysts have raised their price target for Mapletree Logistics Trust from $1.33 to $1.34, reflecting slightly improved profit margins and adjustments in discount rate assumptions. Valuation Changes Fair Value has increased slightly from SGD 1.325 to SGD 1.34.
New Narrative • Dec 12
Expansion Into Vietnam, India, And Japan Along With Sustainability Initiatives Will Boost Revenue Growth And Strengthen Net Margins
Strategic expansion and divestment in emerging and developed markets could enhance portfolio yields and improve revenue growth and net margins.Shareholder Returns
| M44U | SG Industrial REITs | SG Market | |
|---|---|---|---|
| 7D | -1.7% | -1.1% | -0.7% |
| 1Y | 6.3% | 2.8% | 26.0% |
Return vs Industry: M44U exceeded the SG Industrial REITs industry which returned 2.8% over the past year.
Return vs Market: M44U underperformed the SG Market which returned 26% over the past year.
Price Volatility
| M44U volatility | |
|---|---|
| M44U Average Weekly Movement | 2.5% |
| Industrial REITs Industry Average Movement | 2.5% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in SG Market | 14.5% |
| 10% least volatile stocks in SG Market | 2.6% |
Stable Share Price: M44U has not had significant price volatility in the past 3 months compared to the SG market.
Volatility Over Time: M44U's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | Jean Kam | www.mapletreelogisticstrust.com |
Mapletree Logistics Trust, the first Asia Pacific-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT’s principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 March 2026, it has a portfolio of 174 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S13.1 billion dollar.
Mapletree Logistics Trust Fundamentals Summary
| M44U fundamental statistics | |
|---|---|
| Market cap | S$6.03b |
| Earnings (TTM) | S$254.47m |
| Revenue (TTM) | S$708.27m |
23.7x
P/E Ratio8.5x
P/S RatioIs M44U overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| M44U income statement (TTM) | |
|---|---|
| Revenue | S$708.27m |
| Cost of Revenue | S$187.13m |
| Gross Profit | S$521.15m |
| Other Expenses | S$266.68m |
| Earnings | S$254.47m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.05 |
| Gross Margin | 73.58% |
| Net Profit Margin | 35.93% |
| Debt/Equity Ratio | 77.6% |
How did M44U perform over the long term?
See historical performance and comparisonDividends
6.2%
Current Dividend Yield74%
Payout RatioDoes M44U pay a reliable dividends?
See M44U dividend history and benchmarks| Mapletree Logistics Trust dividend dates | |
|---|---|
| Ex Dividend Date | May 08 2026 |
| Dividend Pay Date | Jun 23 2026 |
| Days until Ex dividend | 31 days |
| Days until Dividend pay date | 15 days |
Does M44U pay a reliable dividends?
See M44U dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 22:59 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mapletree Logistics Trust is covered by 24 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tricia Song | Barclays |
| Donald Chua | BofA Global Research |
| Justin Jenkins | CGS International |