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Mapletree Logistics Trust – Stable performance QoQ

Excerpts from CGSCIMB report Mapletree Logistics Trust (SGX: M44U) 3QFY24 DPU of 2.253 Scts is broadly in line at 26.2% of our FY24F forecast. MLT expects China rent reversions to remain negative; meanwhile, it continues to execute on its asset recycling strategy to rejuvenate its portfolio. Reiterate Add rating with an unchanged TP of S$1.88. […]

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