The earnings call presented a mixed outlook with both positive and negative aspects. Key highlights included an increase in net property income, improved occupancy, and successful acquisition in Tokyo. However, challenges such as lease expiries, reduced rental rates for AT&T, and increased borrowing costs were also significant. The sentiment is balanced with notable achievements offset by existing challenges.

Company Guidance

In the second quarter of the fiscal year 2024-2025, MIT reported a 4.6% year-on-year increase in net property income to S$134.5 million, primarily driven by the Osaka Data Centre and new leases. The distribution per unit (DPU) rose by 1.5% year-on-year to S$0.0337, despite a 1.7% quarter-on-quarter decline due to higher property taxes and borrowing costs. The average portfolio occupancy improved from 91.9% to 92.2%, largely due to the Vanderbilt lease, although this lease is currently in a rent-free period. Rental revisions achieved an average increase of 10.7%, with some segments, like flatted factories, seeing up to 26.1% increases. The company also completed a property acquisition in Tokyo and retained S$16.6 million through a distribution reinvestment plan, reducing total debt to S$3 billion and maintaining an aggregate leverage ratio of 39.1%. The average borrowing cost was reported at 3.2%, with 80.4% of loans hedged. The management remains focused on filling vacancies, highlighted by the 17-month lease extension with AT&T, and is exploring options for further growth and acquisitions.

Increased Net Property Income

Net property income increased by 4.6% year-on-year to S$134.5 million, driven largely by contributions from the Osaka Data Centre and new and renewal leases.

Portfolio Occupancy Improvement

Overall portfolio occupancy increased from 91.9% to 92.2%, primarily due to the commencement of the Vanderbilt lease.

Rental Revision Success

The company achieved a 10.7% rental revision across all property segments, attributed to leases signed during the COVID period at lower rents.

Successful Acquisition in Tokyo

Completed the acquisition of a new property in Tokyo, with ongoing discussions for securing power for future redevelopment.

Distribution Reinvestment Plan

Successfully retained S$16.6 million through the distribution reinvestment plan, aiding in leverage mitigation.

Mapletree Industrial (SG:ME8U) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SG:ME8U Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2026 (Q2)	0.03 / -	0.034	―	―	―
Jul 28, 2025	2026 (Q1)	0.03 / 0.04	0.034	2.94% (<+0.01)	―	―
Apr 30, 2025	2025 (Q4)	0.03 / 0.02	0.034	-47.06% (-0.02)	―	―
Jan 22, 2025	2025 (Q3)	0.03 / 0.03	0.033	0.00% (0.00)	―	―
Oct 29, 2024	2025 (Q2)	0.03 / 0.03	0.032	6.25% (<+0.01)	―	―
Jul 25, 2024	2025 (Q1)	0.03 / 0.03	0.033	3.03% (<+0.01)	―	―
Apr 25, 2024	2024 (Q4)	0.03 / 0.03	0.03	13.33% (<+0.01)	―	―
Jan 25, 2024	2024 (Q3)	0.03 / 0.03	0.03	10.00% (<+0.01)	―	―
Oct 25, 2023	2024 (Q2)	0.03 / 0.03	0.036	-11.11% (>-0.01)	―	―
Jul 26, 2023	2024 (Q1)	0.03 / 0.03	0.035	-5.71% (>-0.01)	―	―

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

SG:ME8U Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	S$2.03	S$2.04	+0.49%
Apr 30, 2025	S$1.95	S$1.95	0.00%
Jan 22, 2025	S$2.13	S$2.10	-1.36%
Oct 29, 2024	S$2.28	S$2.24	-1.62%

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.

FAQ

When does Mapletree Industrial Trust (SG:ME8U) report earnings?

Mapletree Industrial Trust (SG:ME8U) is schdueled to report earning on Oct 22, 2025, TBA (Confirmed).

What is Mapletree Industrial Trust (SG:ME8U) earnings time?

Mapletree Industrial Trust (SG:ME8U) earnings time is at Oct 22, 2025, TBA (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 the P/E ratio of Mapletree Industrial Trust stock?

The P/E ratio of Mapletree Industrial is N/A.

What is SG:ME8U EPS forecast?

SG:ME8U EPS forecast for the fiscal quarter 2026 (Q2) is 0.03.

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