Mapletree Logistics (M44U) AI Stock Analysis

• Market Cap: $6.42B
• Dividend Yield: 6.19%
• Average Volume (3M): 14.75M
• Price to Earnings (P/E): 35.2
• Beta (1Y): 1.05
• Revenue Growth: -1.47%
• EPS Growth: -39.12%
• Country: SG
• Employees: 345
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.01
• Shares Outstanding: 5,093,930,000
• 10 Day Avg. Volume: 13,979,400
• 30 Day Avg. Volume: 14,754,155
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.86
• Enterprise Value/Revenue: 16.71
• Enterprise Value/Gross Profit: 22.86
• Enterprise Value/Ebitda: 28.07
• 1Y Price Target: $1.44
• Price Target Upside: 13.99% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 66 Neutral
• Price Target: S$1.50 ▲(19.05% Upside)

Mapletree Logistics shows solid financial health with effective cash management and a balanced leverage strategy. However, challenges such as declining net profit margins and high P/E ratio suggest potential overvaluation. The bullish technical indicators are tempered by overbought signals, indicating caution for potential investors.

Positive Factors

Cash Generation Ability

Strong cash generation supports reinvestment and financial stability, enabling the company to fund growth initiatives and maintain operations effectively.

Business Model Strength

The REIT's focus on logistics properties in key hubs provides a stable income stream and positions it well to benefit from e-commerce growth.

Balance Sheet Health

A moderate debt-to-equity ratio indicates a balanced approach to leveraging, providing financial flexibility and reducing risk exposure.

Negative Factors

Declining Net Profit Margins

Declining net profit margins can impact profitability, requiring strategic adjustments to improve cost efficiency and revenue generation.

Negative Revenue Growth

Negative revenue growth suggests challenges in market expansion and sales, necessitating strategic initiatives to boost top-line performance.

Declining Return on Equity

A declining return on equity may concern investors seeking strong returns, indicating a need for improved operational efficiency and profitability.

Mapletree Logistics Business Overview & Revenue Model

Company Description

Mapletree Logistics Trust (M44U) is a leading real estate investment trust (REIT) focused on the logistics sector in Asia. The company primarily invests in income-generating logistics properties, including warehouses and distribution centers, across key markets in Singapore, China, and other parts of Asia. Mapletree Logistics aims to provide investors with stable and sustainable returns through a diversified portfolio of high-quality logistics assets that cater to the growing demand for logistics services in the region.

How the Company Makes Money

Mapletree Logistics generates revenue primarily through rental income from its portfolio of logistics properties. The company leases its properties to a variety of tenants, including e-commerce firms, third-party logistics providers, and manufacturers, which contribute to stable cash flows. Additional revenue streams may include income from property management services and potential performance-based fees from joint ventures or partnerships. The company also benefits from long-term lease agreements, which provide predictable revenue and reduce vacancy risks. Strategic partnerships with logistics and supply chain companies enhance its market presence and may lead to increased occupancy rates and rental income.

Mapletree Logistics Financial Statement Overview

Summary

Mapletree Logistics demonstrates solid financial health with stable margins and effective cash management. However, declining net profit margins and revenue growth pose challenges. The balance sheet reflects a balanced leverage strategy, but improving return on equity should be a focus to enhance investor confidence.

Income Statement

Mapletree Logistics shows a stable gross profit margin around 73%, indicating efficient cost management. However, the net profit margin has decreased significantly from previous years, reflecting potential challenges in maintaining profitability. Revenue growth has been negative recently, suggesting a need for strategic initiatives to boost sales.

Balance Sheet

The company's debt-to-equity ratio is moderate at approximately 0.80, indicating a balanced approach to leveraging. However, the return on equity has declined over the years, which may concern investors looking for strong returns. The equity ratio remains stable, reflecting a solid asset base.

Cash Flow

Operating cash flow is robust, with a healthy free cash flow to net income ratio of 1.0, indicating strong cash generation relative to earnings. Free cash flow growth is positive, suggesting effective cash management. However, the operating cash flow to net income ratio has room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	714.04M	714.78M	733.89M	735.26M	680.02M	567.35M
Gross Profit	521.83M	520.71M	543.78M	538.09M	504.61M	435.42M
EBITDA	425.00M	429.02M	536.63M	533.21M	502.93M	434.72M
Net Income	204.66M	207.77M	327.48M	566.58M	782.44M	462.73M
Balance Sheet
Total Assets	13.62B	13.89B	13.81B	13.42B	13.69B	11.20B
Cash, Cash Equivalents and Short-Term Investments	315.05M	299.01M	304.82M	302.50M	338.62M	280.76M
Total Debt	5.62B	5.67B	5.40B	5.55B	5.64B	4.77B
Total Liabilities	6.60B	6.65B	6.33B	6.48B	6.60B	5.52B
Stockholders Equity	6.99B	6.64B	7.47B	6.93B	7.07B	5.68B
Cash Flow
Free Cash Flow	542.51M	536.03M	573.49M	467.26M	390.11M	352.23M
Operating Cash Flow	542.51M	536.03M	573.49M	470.63M	385.83M	352.41M
Investing Cash Flow	-61.57M	-243.69M	-844.25M	-235.41M	-1.61B	-1.27B
Financing Cash Flow	-463.76M	-286.74M	280.62M	-245.99M	1.28B	1.05B

Mapletree Logistics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:M44U, the sentiment is Positive. The current price of 1.26 is below the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.23, and above the 200-day MA of 1.18, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:M44U.

Mapletree Logistics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHLU	73 Outperform	S$405.93M	13.52	5.87%	7.90%	-5.80%	-27.16%
BUOU	70 Outperform	$3.65B	27.03	3.21%	7.52%	11.98%	―
TQ5	68 Neutral	$4.08B	15.52	2.80%	4.33%	19.82%	―
O5RU	68 Neutral	S$1.10B	33.50	3.17%	7.12%	5.21%	-25.46%
M44U	66 Neutral	$6.42B	35.20	2.72%	6.19%	-1.47%	-39.12%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9A4U	56 Neutral	S$2.27B	―	-4.88%	6.64%	10.51%	-40.93%

Mapletree Logistics Corporate Events

Mapletree Logistics Trust Issues New Units for Fee Payments

Mapletree Logistics Trust has announced the issuance of 18,781,513 new units as part of its fee payment structure for certain properties. This issuance, effective from 15 August 2025, includes units allocated for base fees, performance fees, and property and lease management fees, reflecting the trust’s ongoing strategy to manage its financial obligations and maintain its operational efficiency across its diverse property portfolio.

The most recent analyst rating on (SG:M44U) stock is a Buy with a S$1.56 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.

Mapletree Logistics Trust Renews Property Management Contract

Mapletree Logistics Trust has renewed the appointment of Mapletree Property Management Pte. Ltd. as its property manager for another five years, from July 2025 to July 2030. This renewal, under the same terms and conditions as the existing agreements, is expected to maintain stability in the trust’s property management operations, potentially benefiting stakeholders by ensuring consistent management practices.

The most recent analyst rating on (SG:M44U) stock is a Buy with a S$1.56 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.

Mapletree Logistics Trust Secures New Loan Agreement with Key Conditions

Mapletree Logistics Trust Management Ltd. announced that one of its subsidiaries has entered into a loan agreement with conditions similar to existing debt facilities. These conditions require MLTM to remain as the manager of MLT and for the manager to remain a subsidiary of Mapletree Investments Pte Ltd. A breach of these conditions could affect debt facilities amounting to approximately S$5,646 million. As of the announcement date, no conditions have been breached.

The most recent analyst rating on (SG:M44U) stock is a Buy with a S$1.35 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.

Mapletree Logistics Trust Issues New Units for Fee Payments

Mapletree Logistics Trust has announced the issuance of 8,415,976 new units at S$1.3078 per unit as part of the payment for base, property management, and lease management fees for certain properties. This issuance, covering the period from January 1 to March 31, 2025, reflects the trust’s ongoing strategy to manage its financial obligations through equity, potentially impacting its unit holders and market positioning by enhancing its asset management capabilities across its diverse property portfolio.

The most recent analyst rating on (SG:M44U) stock is a Buy with a S$1.58 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.