Attractive ReturnsMapletree Logistics Trust remains attractive with a yield in excess of 6.0% and a P/B of 0.95x, suggesting potential for attractive total returns.
Interest Costs Stability84% of its debt is hedged into fixed rates and 74% of distributable income is hedged into S$ for the next 12 months, providing stability in interest costs.
Potential Growth CatalystsThe Add rating is reiterated as the current FY26F DPU yield of 6.2% has largely factored in the slower growth outlook, with potential re-rating catalysts including sustained leasing momentum and accelerated asset recycling activities.