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Mapletree Industrial Trust (MAPIF)
OTHER OTC:MAPIF
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 3.39%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment, with several positive developments such as increased net property income, improved occupancy rates, and successful rental revisions. However, these were offset by challenges like the lower rental rate for the AT&T lease extension, a decrease in NAV, difficulties in filling Kallang Way, and higher operational costs.Company Guidance
During the Q2 2025 earnings call for ME8U.SI, several key financial metrics and operational updates were discussed. The company reported a net property income increase of 4.6% year-on-year, reaching $134.5 million, primarily driven by contributions from the Osaka Data Centre. The distribution per unit (DPU) was announced at $0.0337, marking a 1.5% year-on-year increase. The overall portfolio occupancy improved from 91.9% to 92.2%, with significant contributions from the North American portfolio, particularly the Vanderbilt lease. However, the company faced challenges such as higher borrowing costs and property taxes. The aggregate leverage ratio stood at 39.1%, expected to rise to about 40% post-completion of the Tokyo acquisition. Additionally, the company extended its lease with AT&T for 17 months, though at a rental rate close to the initial lease, reflecting a 20% decrease compared to the first extension. The management also highlighted a positive rental revision of 10.7% across all property segments, driven largely by leases signed during the COVID period.Increased Net Property Income
Net property income increased by 4.6% year-on-year to $134.5 million, largely due to contributions from the Osaka Data Centre and new leases.
Occupancy Rate Improvement
Average portfolio occupancy increased from 91.9% to 92.2%, driven by the commencement of the Vanderbilt lease.
Successful Rental Revisions
Achieved a rental revision rate of 10.7% across all property segments, with some leases seeing increases as high as 26.1%.
Distribution Reinvestment Plan Success
Successfully retained $16.6 million through the distribution reinvestment plan, aiding in reducing leverage.
Completion of Tokyo Acquisition
Completed the acquisition of a new property in Tokyo, which is expected to provide significant future IT load capacity.
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MAPIF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAPIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $1.77 | $1.77 | 0.00% |
| Jul 25, 2024 | $1.74 | $1.74 | 0.00% |
| Apr 25, 2024 | $1.67 | $1.66 | -0.60% |
| Jan 25, 2024 | $1.82 | $1.82 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mapletree Industrial Trust (MAPIF) report earnings?
Mapletree Industrial Trust (MAPIF) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Mapletree Industrial Trust (MAPIF) earnings time?
Mapletree Industrial Trust (MAPIF) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAPIF EPS forecast?
MAPIF EPS forecast for the fiscal quarter 2025 (Q3) is 0.02.
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