Mapletree Industrial Trust (ME8U) Stock Overview
A real estate investment trust (REIT) listed on the Main Board of Singapore Exchange. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 6/6 |
Rewards
Risk Analysis
ME8U Community Fair Values
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Analyst Price Targets
Mapletree Industrial Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$1.94 |
| 52 Week High | S$2.23 |
| 52 Week Low | S$1.90 |
| Beta | 0.35 |
| 1 Month Change | -0.51% |
| 3 Month Change | -0.51% |
| 1 Year Change | -1.52% |
| 3 Year Change | -12.22% |
| 5 Year Change | -31.93% |
| Change since IPO | 67.24% |
Recent News & Updates
Narrative Update • Jun 10
ME8U: Stable Distributions And Slight Assumption Tweaks Will Shape Near Term Returns
Analysts have slightly trimmed their fair value estimate for Mapletree Industrial Trust to SGD 2.03 from SGD 2.04, citing small adjustments to discount rates, revenue growth expectations, profit margins and future P/E assumptions. What's in the News Mapletree Industrial Trust declared a distribution of 3.09 Singapore cents per unit for the fourth quarter of the 2025/2026 financial year, covering the period from 1 January 2026 to 31 March 2026.Narrative Update • May 27
ME8U: Stable Payouts And Modest Assumption Shifts Will Guide Near Term Returns
Analysts have maintained their SGD 2.03 price target on Mapletree Industrial Trust, citing slightly higher assumed discount and P/E levels, along with softer revenue growth and profit margin assumptions, as the main factors supporting this unchanged view. What's in the News Declared distribution of 3.09 Singapore cents per unit for the fourth quarter of Financial Year 2025/2026, covering 1 January 2026 to 31 March 2026, with payment scheduled for 12 June 2026 (Key Developments).Narrative Update • May 09
ME8U: Steady Distribution And Softer Revenue Outlook Will Shape Near-Term Returns
The analyst fair value estimate for Mapletree Industrial Trust has drifted slightly lower from SGD2.10 to SGD2.03, as analysts factor in a softer revenue growth outlook alongside a modestly higher profit margin and a broadly steady forward P/E of about 19x. What's in the News Mapletree Industrial Trust declared a distribution of 3.09 Singapore cents per unit for the fourth quarter of Financial Year 2025/2026, covering the period from 1 January 2026 to 31 March 2026 (Key Developments).Recent updates
Narrative Update • Jun 10
ME8U: Stable Distributions And Slight Assumption Tweaks Will Shape Near Term Returns
Analysts have slightly trimmed their fair value estimate for Mapletree Industrial Trust to SGD 2.03 from SGD 2.04, citing small adjustments to discount rates, revenue growth expectations, profit margins and future P/E assumptions. What's in the News Mapletree Industrial Trust declared a distribution of 3.09 Singapore cents per unit for the fourth quarter of the 2025/2026 financial year, covering the period from 1 January 2026 to 31 March 2026.Narrative Update • May 27
ME8U: Stable Payouts And Modest Assumption Shifts Will Guide Near Term Returns
Analysts have maintained their SGD 2.03 price target on Mapletree Industrial Trust, citing slightly higher assumed discount and P/E levels, along with softer revenue growth and profit margin assumptions, as the main factors supporting this unchanged view. What's in the News Declared distribution of 3.09 Singapore cents per unit for the fourth quarter of Financial Year 2025/2026, covering 1 January 2026 to 31 March 2026, with payment scheduled for 12 June 2026 (Key Developments).Narrative Update • May 09
ME8U: Steady Distribution And Softer Revenue Outlook Will Shape Near-Term Returns
The analyst fair value estimate for Mapletree Industrial Trust has drifted slightly lower from SGD2.10 to SGD2.03, as analysts factor in a softer revenue growth outlook alongside a modestly higher profit margin and a broadly steady forward P/E of about 19x. What's in the News Mapletree Industrial Trust declared a distribution of 3.09 Singapore cents per unit for the fourth quarter of Financial Year 2025/2026, covering the period from 1 January 2026 to 31 March 2026 (Key Developments).Narrative Update • Apr 23
ME8U: Steady DPU And Slightly Lower Risk Assumptions Will Guide Near-Term Outlook
Analysts have slightly lowered their price target on Mapletree Industrial Trust to SGD2.10 from SGD2.11, citing modest adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions. What's in the News Mapletree Industrial Trust announced a Distribution Per Unit of 3.17 cents for the quarter from 1 October 2025 to 31 December 2025, classified as a dividend decrease event (Key Developments).
Narrative Update • Apr 09
ME8U: Lower Dpu And Reduced Future P E Multiple Will Pressure Units
Analysts have made a small upward revision to Mapletree Industrial Trust's fair value estimate to about SGD 1.67, reflecting updated assumptions on revenue, profit margins and a lower future P/E multiple. What's in the News Mapletree Industrial Trust announced a Distribution Per Unit of 3.17 cents for the third quarter of financial year 2025/2026, covering the period from 1 October 2025 to 31 December 2025 (Key Developments).Narrative Update • Mar 26
ME8U: Softer Revenue Outlook And Higher Required Return Will Pressure Units
Analysts have trimmed their fair value estimate for Mapletree Industrial Trust from SGD 1.85 to about SGD 1.67, citing updated assumptions that include a higher discount rate, softer revenue growth expectations, a slightly stronger profit margin, and a lower forward P/E multiple. What's in the News Mapletree Industrial Trust declared a Distribution Per Unit of 3.17 cents for the quarter from 1 October 2025 to 31 December 2025, giving you a concrete cash figure to work with for that period (Key Developments).
Narrative Update • Mar 11
ME8U: Higher Projected Margins And DPU Will Support Richer Future Multiples
Analysts have made a small upward tweak to their fair value estimate for Mapletree Industrial Trust to SGD 2.54, reflecting slightly lower discount rate assumptions, a marginally higher profit margin outlook, and an updated future P/E expectation. What's in the News Mapletree Industrial Trust announced a Distribution Per Unit (DPU) of 3.17 cents for the third quarter of FY2025/2026, covering the period from 1 October 2025 to 31 December 2025 (Key Developments).Narrative Update • Feb 25
ME8U: Higher Projected Margins And DPU Will Support Richer Future Multiples
Analysts have kept their SGD2.54 price target for Mapletree Industrial Trust unchanged, citing slightly higher projected revenue growth, profit margin and forward P/E assumptions as key reasons for maintaining this view. What's in the News Mapletree Industrial Trust announced a Distribution Per Unit of 3.17 cents for the third quarter of Financial Year 2025/2026, covering 1 October 2025 to 31 December 2025 (Key Developments).Narrative Update • Feb 11
ME8U: Higher Required Returns And Confirmed DPU Will Shape Near-Term Outlook
The analyst price target for Mapletree Industrial Trust has been adjusted from SGD 2.21 to SGD 2.11 as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. What's in the News Mapletree Industrial Trust declared a Distribution Per Unit of 3.17 cents for the quarter from 1 October 2025 to 31 December 2025, giving you clarity on the payout for that period (Key Developments).Narrative Update • Jan 28
ME8U: Stable Assumptions Will Support Higher Future Earnings Multiples
Analysts kept their fair value estimate for Mapletree Industrial Trust steady at S$2.54, citing only marginal tweaks to inputs such as discount rate, revenue growth, profit margin, and forward P/E assumptions, which together support an unchanged price target. Valuation Changes Fair Value: Kept unchanged at S$2.54 per unit, with only minor adjustments to underlying assumptions.Narrative Update • Jan 12
ME8U: Stable Payout Structure Will Support Higher Future Earnings Multiples
Analysts have made a marginal adjustment to their price expectations for Mapletree Industrial Trust, reflecting slightly updated assumptions on the discount rate, revenue growth, profit margin and forward P/E, while keeping fair value unchanged at S$2.54. What's in the News Mapletree Industrial Trust announced a 2QFY25/26 distribution of 3.18 Singapore cents per unit for the period from 1 July 2025 to 30 September 2025, with payment expected by 10 December 2025 (company announcement).Narrative Update • Dec 26
ME8U: Maintained Distributions Will Support Stronger Future Earnings Multiples
Analysts have maintained their SGD 2.54 price target for Mapletree Industrial Trust, noting that marginally lower discount rate and revenue growth assumptions are effectively offset by a slightly stronger profit margin outlook and steady future valuation multiples. What's in the News Announced a 2QFY25/26 distribution of 3.18 Singapore cents per unit for the period from 1 July 2025 to 30 September 2025, payable by 10 December 2025 (company announcement) Books closure set for 5.00pm on 6 November 2025, with unitholders on record at that time entitled to receive the declared distribution (company announcement) The distribution comprises 2.34 Singapore cents of taxable income, 0.23 Singapore cent of tax-exempt income, and 0.61 Singapore cent of capital per unit, reflecting a detailed breakdown of payout components (company announcement) Valuation Changes Fair Value: Maintained at SGD 2.54 per unit, with no change to the target price.Narrative Update • Dec 12
ME8U: Forward Distribution Stability Will Support Stronger Future Earnings Multiples
Analysts have trimmed their price target for Mapletree Industrial Trust from S$2.60 to S$2.54, citing slightly higher discount rates, softer projected revenue growth and a modestly lower profit margin outlook, partially offset by expectations of a higher future P/E multiple. What's in the News Declared 2QFY25/26 distribution of 3.18 Singapore cents per unit for the period from 1 July 2025 to 30 September, with books closing at 5.00pm on 6 November 2025 for entitlement determination (company announcement) Distribution breakdown set at 2.34 Singapore cents taxable income, 0.23 Singapore cent tax exempt income and 0.61 Singapore cent capital component per unit, clarifying the nature of unitholder returns (company announcement) Unitholders with units credited in their Central Depository accounts as of the 6 November 2025 book closure will receive the distribution by 10 December 2025 (company announcement) Valuation Changes Consensus analyst price target was trimmed slightly from SGD 2.60 to SGD 2.54, reflecting a modest reduction in estimated fair value.Narrative Update • Aug 31
Tokyo Acquisition And Occupancy Gains To Propel Growth In Data Center Market
The consensus price target for Mapletree Industrial Trust has been revised downward, primarily reflecting a slight decrease in the Future P/E ratio, with fair value now at SGD2.21. What's in the News Declared 1QFY25/26 distribution of 3.27 Singapore cents per unit, comprising 2.50 cents taxable income, 0.21 cent tax-exempt income, and 0.56 cent capital component.
New Narrative • Dec 12
Tokyo Acquisition And Occupancy Gains To Propel Growth In Data Center Market
Tokyo property acquisition and power plans position for growth in data center market, enhancing revenue streams.Analysis Article • Jun 05
Analysts Are Betting On Mapletree Industrial Trust (SGX:ME8U) With A Big Upgrade This Week
Celebrations may be in order for Mapletree Industrial Trust ( SGX:ME8U ) shareholders, with the analysts delivering a...Shareholder Returns
| ME8U | SG Industrial REITs | SG Market | |
|---|---|---|---|
| 7D | -0.5% | -1.2% | 1.6% |
| 1Y | -1.5% | 2.2% | 30.6% |
Return vs Industry: ME8U underperformed the SG Industrial REITs industry which returned 2.2% over the past year.
Return vs Market: ME8U underperformed the SG Market which returned 30.6% over the past year.
Price Volatility
| ME8U volatility | |
|---|---|
| ME8U Average Weekly Movement | 2.0% |
| Industrial REITs Industry Average Movement | 2.4% |
| Market Average Movement | 5.8% |
| 10% most volatile stocks in SG Market | 14.1% |
| 10% least volatile stocks in SG Market | 2.5% |
Stable Share Price: ME8U has not had significant price volatility in the past 3 months compared to the SG market.
Volatility Over Time: ME8U's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | n/a | Lily Ler | www.mapletreeindustrialtrust.com |
Mapletree Industrial Trust is a real estate investment trust (REIT) listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. As at 31 March 2026, MIT’s total assets under management was S8.3 billion dollar, which comprised 55 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd), 79 properties in Singapore and two properties in Japan.
Mapletree Industrial Trust Fundamentals Summary
| ME8U fundamental statistics | |
|---|---|
| Market cap | S$5.57b |
| Earnings (TTM) | S$211.20m |
| Revenue (TTM) | S$702.48m |
26.2x
P/E Ratio7.9x
P/S RatioIs ME8U overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ME8U income statement (TTM) | |
|---|---|
| Revenue | S$702.48m |
| Cost of Revenue | S$230.29m |
| Gross Profit | S$472.19m |
| Other Expenses | S$260.99m |
| Earnings | S$211.20m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.074 |
| Gross Margin | 67.22% |
| Net Profit Margin | 30.06% |
| Debt/Equity Ratio | 42.9% |
How did ME8U perform over the long term?
See historical performance and comparisonDividends
6.6%
Current Dividend Yield88%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 16:47 |
| End of Day Share Price | 2026/06/23 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 Industrial Trust is covered by 21 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 |
|---|---|
| Kwok Yi Louie | Barclays |
| Tricia Song | Barclays |
| Donald Chua | BofA Global Research |