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M44U

Mapletree Logistics TrustSGX:M44U Stock Report

Market Cap S$6.9b
Share Price
S$1.34
My Fair Value
S$1.59
15.9% undervalued intrinsic discount
1Y1.5%
7D3.1%
Portfolio Value
​
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Mapletree Logistics Trust

SGX:M44U Stock Report

Market Cap: S$6.9b

Mapletree Logistics Trust (M44U) Stock Overview

MLT, the first Asia Pacific-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. More details

M44U fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends6/6

Rewards

Earnings are forecast to grow 10.93% per year

Pays a high and reliable dividend of 6.01%

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results


M44U Community Fair Values

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See what 63 others think this stock is worth. Follow their fair value or set your own to get alerts.

M44U
Mapletree Logistics Trust

Digital Retail And Urbanization Will Fuel Resilient Logistics In Asia

Key Takeaways Divestment of non-core assets and reinvestment in high-yield properties are set to enhance margins, earnings, and future growth prospects. Dominance in green logistics and strategic urban locations secures strong rental growth, portfolio resilience, and attracts institutional capital focused on sustainability.
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S$1.59
FV
15.9% undervalued intrinsic discount
5.37%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
6users have followed this narrative
M44U
Mapletree Logistics Trust

Analysts Lift Mapletree Logistics Trust Price Target Following Improved Margins and Valuation Adjustments

Key Takeaways Strategic divestments and proactive hedging strategies are expected to improve net margins and manage financial risks effectively. Strong demand for new developments and a diversified tenant base support revenue resilience and future growth.
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S$1.34
FV
0.3% overvalued intrinsic discount
3.03%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
35users have followed this narrative
M44U
Mapletree Logistics Trust

Oversupply And Rising Costs Will Weaken Value But Allow Recovery

Key Takeaways Prolonged weakness in China, higher funding costs, and heavy reliance on external financing are pressuring revenue, margins, and future acquisition capacity. Rising regulatory and technology demands, oversupply risks, and softening e-commerce growth are raising costs and limiting rental growth and asset valuations.
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S$0.97
FV
38.1% overvalued intrinsic discount
-0.09%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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Mapletree Logistics Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mapletree Logistics Trust
Historical stock prices
Current Share PriceS$1.34
52 Week HighS$1.37
52 Week LowS$1.03
Beta0.50
1 Month Change6.35%
3 Month Change16.52%
1 Year Change1.52%
3 Year Change-10.07%
5 Year Change-35.58%
Change since IPO51.41%

Recent News & Updates

Recent updates

User avatar

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

M44USG Industrial REITsSG Market
7D3.1%-0.3%0.6%
1Y1.5%-0.1%23.8%

Return vs Industry: M44U exceeded the SG Industrial REITs industry which returned -0.1% over the past year.

Return vs Market: M44U underperformed the SG Market which returned 23.8% over the past year.

Price Volatility

Is M44U's price volatile compared to industry and market?
M44U volatility
M44U Average Weekly Movement2.1%
Industrial REITs Industry Average Movement2.1%
Market Average Movement5.4%
10% most volatile stocks in SG Market17.1%
10% least volatile stocks in SG Market2.3%

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

FoundedEmployeesCEOWebsite
2004n/aJean Kamwww.mapletreelogisticstrust.com

MLT, 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 30 September 2025, it has a portfolio of 175 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.0 billion.

Mapletree Logistics Trust Fundamentals Summary

How do Mapletree Logistics Trust's earnings and revenue compare to its market cap?
M44U fundamental statistics
Market capS$6.88b
Earnings (TTM)S$222.93m
Revenue (TTM)S$716.90m
30.6x
P/E Ratio
9.5x
P/S Ratio

Is M44U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M44U income statement (TTM)
RevenueS$716.90m
Cost of RevenueS$189.97m
Gross ProfitS$526.92m
Other ExpensesS$304.00m
EarningsS$222.93m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.044
Gross Margin73.50%
Net Profit Margin31.10%
Debt/Equity Ratio78.3%

How did M44U perform over the long term?

See historical performance and comparison

Dividends

6.0%
Current Dividend Yield
77%
Payout Ratio

Does M44U pay a reliable dividends?

See M44U dividend history and benchmarks
When do you need to buy M44U by to receive an upcoming dividend?
Mapletree Logistics Trust dividend dates
Ex Dividend DateNov 04 2025
Dividend Pay DateDec 16 2025
Days until Ex dividend4 days
Days until Dividend pay date46 days

Does M44U pay a reliable dividends?

See M44U dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 10:24
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tricia SongBarclays
Donald ChuaBofA Global Research
Justin JenkinsCGS International