Mapletree Logistics (M44U) AI Stock Analysis

• Market Cap: $5.94B
• Dividend Yield: 1.65%
• Average Volume (3M): 12.00M
• Price to Earnings (P/E): 32.1
• Beta (1Y): 1.11
• Revenue Growth: -0.97%
• EPS Growth: -40.20%
• Country: SG
• Employees: 345
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Industrial
• EPS (TTM): >-0.01
• Shares Outstanding: 5,075,149,000
• 10 Day Avg. Volume: 13,290,739
• 30 Day Avg. Volume: 12,004,336
• PEG Ratio: -0.41
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $1.31
• Price Target Upside: 12.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 62 Neutral
• Price Target: S$1.00 ▼(-14.53%Downside)

Mapletree Logistics' overall stock score reflects stable financial performance and mild positive technical indicators. However, high valuation metrics and negative earnings call sentiment, particularly due to declining DPU and challenges in China, weigh down the score. The company must address these challenges to improve investor sentiment and long-term profitability.

Positive Factors

CEO Share Purchase

CEO Jean Kam acquired shares in the REIT in a day of weakness in a vote of confidence.

Market Exposure

Unique Asian E-commerce exposure with a focus on domestic demand.

Rental Reversion

Despite challenges, Mapletree Logistics Trust achieved a rental reversion increase of 5.1%, with positive results in several regions.

Negative Factors

Financial Performance

Mapletree Logistics Trust reported a 0.8% drop in revenue and a 1.6% decline in net property income due to lower contributions from China and other factors.

Interest Rates

Higher borrowing costs could exert downward pressure on distributions.

Trade Relations

Management cautioned that a protracted trade war could affect demand for warehouse space, thereby reducing occupancy and rental rates.

Mapletree Logistics Business Overview & Revenue Model

Company Description

Mapletree Logistics Trust (M44U) is a Singapore-based real estate investment trust (REIT) that focuses on investing in logistics properties across the Asia-Pacific region. The trust's portfolio includes a diverse range of logistics assets, such as warehouses and distribution centers, strategically located in key logistics hubs to facilitate efficient supply chain management and distribution for tenants. Mapletree Logistics Trust aims to provide its investors with stable and growing returns through its high-quality assets and proactive asset management strategies.

How the Company Makes Money

Mapletree Logistics Trust generates revenue primarily through the leasing of its logistics properties to a diversified tenant base across various industries. The trust earns rental income from its tenants, which is its main source of revenue. Additionally, Mapletree Logistics Trust may engage in asset enhancement initiatives to increase property value and rental income over time. The trust also strategically acquires and divests properties to optimize its portfolio and capital structure. Partnerships with key logistics and industrial players can contribute to its growth and expansion, allowing the trust to capture new market opportunities and enhance its revenue streams.

Mapletree Logistics Financial Statement Overview

Summary

Mapletree Logistics displays financial stability with strong gross margins and a solid asset base. However, declining net income and revenue growth present challenges for future profitability. The balance sheet is healthy with manageable leverage, yet improving earnings is crucial for enhanced shareholder returns. Cash flow generation is robust, supporting operational needs.

Income Statement

Mapletree Logistics shows stable gross profit margins, maintaining above 70% in recent years, and net profit margins around 29% in the latest annual report. However, there is a decline in net income from the previous year, indicating potential challenges in maintaining earnings growth. The revenue growth rate is fluctuating, with a slight decline in the latest period, which could point to market saturation or increased competition.

Balance Sheet

The company's debt-to-equity ratio remains stable, with a slight increase in total debt, indicating manageable leverage. Return on equity has decreased, reflecting pressure on profitability. The equity ratio is healthy, showcasing a strong asset base relative to liabilities, supporting financial stability.

Cash Flow

Operating cash flow is strong, with a high operating cash flow to net income ratio, indicating efficient cash generation from operations. Free cash flow remains positive, but the growth rate has slowed, suggesting potential challenges in improving cash reserves. The cash flow statements reflect a stable financial position with adequate liquidity.

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

Mapletree Logistics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• 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 1.17 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.12, and below the 200-day MA of 1.23, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.39 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 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
TQ5	75 Outperform	$3.44B	13.06	2.80%	5.14%	19.82%	―
O5RU	72 Outperform	S$1.08B	32.75	3.17%	9.90%	5.21%	-25.46%
DHLU	71 Outperform	S$398.68M	11.70	6.78%	8.21%	-7.68%	-20.20%
BUOU	70 Outperform	$3.19B	23.67	3.21%	9.11%	11.98%	―
M44U	62 Neutral	$5.94B	32.05	2.74%	1.65%	-0.97%	-40.20%
9A4U	53 Neutral	S$1.93B	―	-6.38%	0.46%	-4.01%	-66.90%
Sector *	53 Neutral	$1.19B	3.25	-0.13%	7.83%	-1.86%	-126.37%

Mapletree Logistics Corporate Events

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.