Mapletree Industrial (ME8U) AI Stock Analysis

• Market Cap: S$5.82B
• Dividend Yield: 6.48%
• Average Volume (3M): 9.00M
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.52
• Revenue Growth: -1.96%
• EPS Growth: 175.59%
• Country: SG
• Employees: 186
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.03
• Shares Outstanding: 2,853,365,500
• 10 Day Avg. Volume: 8,945,360
• 30 Day Avg. Volume: 8,999,595
• PEG Ratio: -0.91
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 9.49
• P/FCF Ratio: 15.30
• 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: S$2.50
• Price Target Upside: 12.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.12
• Revenue Forecast (FY): S$701.12M

• Rating: 69 Neutral
• Price Target: S$2.50 ▲(13.12% Upside)

Mapletree Industrial's overall stock score reflects strong financial performance and attractive valuation, tempered by technical indicators suggesting overbought conditions. The mixed outlook from the earnings call, with both positive and negative aspects, further influences the score.

Positive Factors

Interest Rate Hedge

A high interest rate hedge ratio provides stability against interest rate fluctuations, ensuring predictable financial costs and enhancing long-term financial planning.

Occupancy Stability

Stable occupancy rates indicate consistent demand for properties, supporting steady rental income and reducing vacancy risks, crucial for long-term revenue stability.

Positive Rental Revisions

Significant rental revisions in Singapore suggest strong market demand and pricing power, enhancing revenue potential and supporting future income growth.

Negative Factors

Decreased Net Property Income

A decline in net property income can impact cash flow and profitability, challenging the company's ability to maintain or grow distributions to unitholders.

Challenges in North American Portfolio

Reduced contributions from North America due to lease nonrenewals and currency issues can strain overall performance and highlight regional dependency risks.

Increased Operating Expenses

Rising operating expenses can erode profit margins, limiting the company's ability to reinvest in growth opportunities and impacting long-term financial health.

Mapletree Industrial Business Overview & Revenue Model

Company Description

Mapletree Industrial Trust (ME8U) is a leading real estate investment trust (REIT) based in Singapore, primarily focused on the ownership, development, and management of industrial properties. The trust invests in a diversified portfolio that includes logistics and distribution centers, business parks, and high-tech industrial spaces, catering to various sectors such as manufacturing, logistics, and data centers. Through strategic acquisitions and developments, Mapletree Industrial aims to provide sustainable income and capital appreciation to its unitholders.

How the Company Makes Money

Mapletree Industrial generates revenue primarily through the leasing of its industrial properties to tenants across different sectors. The company's revenue model is built on long-term leases, which provide stable and recurring rental income. Key revenue streams include rental income from properties, lease management fees, and property management services. Additionally, the trust may benefit from asset appreciation as the value of its properties increases over time. Significant partnerships with logistics and technology firms also enhance its earnings potential, as these sectors often require specialized industrial spaces. Furthermore, strategic initiatives such as redevelopment projects and value-added services contribute to its overall financial performance.

Mapletree Industrial Financial Statement Overview

Summary

Mapletree Industrial demonstrates strong profitability and a stable financial structure, though there are signs of slowing revenue growth and modest returns on equity. The company maintains a healthy balance sheet with moderate leverage and efficient cash flow management, positioning it well within the REIT - Industrial sector.

Income Statement

Mapletree Industrial's income statement shows strong profitability with a high EBIT margin of 70.37% and a net profit margin of 50.16% for the TTM period. However, the revenue growth rate has declined by 1.26%, indicating a potential slowdown in revenue generation. The company maintains solid gross profit margins, although slightly lower than previous years.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.63, indicating moderate leverage. The return on equity is relatively low at 6.67%, suggesting limited efficiency in generating returns from equity. The equity ratio stands at 59.01%, showcasing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth by 1.50%. The operating cash flow to net income ratio is 0.81, indicating adequate cash generation relative to net income. The free cash flow to net income ratio is nearly 1, reflecting efficient cash conversion from profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	689.66M	681.06M	611.19M	697.33M	553.70M	447.20M
Gross Profit	440.07M	434.22M	443.25M	456.61M	414.69M	350.25M
EBITDA	485.37M	480.25M	406.67M	306.26M	408.64M	309.20M
Net Income	345.95M	345.16M	291.11M	120.51M	439.22M	164.50M
Balance Sheet
Total Assets	8.67B	8.80B	8.55B	8.66B	8.48B	6.39B
Cash, Cash Equivalents and Short-Term Investments	109.25M	107.63M	146.61M	119.90M	149.64M	60.46M
Total Debt	3.23B	3.27B	2.88B	3.08B	2.94B	2.27B
Total Liabilities	3.55B	3.61B	3.17B	3.38B	3.20B	2.50B
Stockholders Equity	5.11B	5.19B	5.38B	5.29B	5.28B	3.90B
Cash Flow
Free Cash Flow	473.16M	488.26M	448.06M	432.78M	497.04M	236.71M
Operating Cash Flow	473.35M	488.26M	448.06M	432.78M	497.08M	236.80M
Investing Cash Flow	-184.85M	-207.24M	-100.61M	-353.13M	-1.75B	-527.20M
Financing Cash Flow	-308.07M	-293.47M	-350.46M	-106.34M	1.35B	297.67M

Mapletree Industrial Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:ME8U, the sentiment is Neutral. The current price of 2.21 is above the 20-day moving average (MA) of 2.04, above the 50-day MA of 2.09, and above the 200-day MA of 1.98, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.46 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:ME8U.

Mapletree Industrial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AJBU	76 Outperform	$5.63B	14.17	10.81%	4.37%	23.81%	89.10%
N2IU	73 Outperform	$7.60B	11.00	7.32%	5.46%	-6.34%	49.60%
A17U	71 Outperform	$12.90B	17.54	6.96%	5.38%	2.35%	365.31%
ME8U	69 Neutral	S$5.82B	17.54	6.70%	6.48%	-1.96%	175.59%
J69U	69 Neutral	$4.64B	21.84	4.49%	5.29%	10.82%	-5.02%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
C09	62 Neutral	$6.42B	32.48	2.25%	1.37%	-10.52%	-39.75%

Mapletree Industrial Corporate Events

Mapletree Industrial Trust Extends Property Management Agreements

Mapletree Industrial Trust has announced the extension of its property management agreements for its properties in Singapore, North America, and Japan. The extensions, set for five years starting in October 2025, aim to ensure continuity and operational efficiency, benefiting unitholders by leveraging the extensive experience of its property managers.

The most recent analyst rating on (SG:ME8U) stock is a Buy with a S$2.00 price target. To see the full list of analyst forecasts on Mapletree Industrial stock, see the SG:ME8U Stock Forecast page.

Mapletree Industrial Trust Holds 15th Annual General Meeting

Mapletree Industrial Trust (MIT) held its 15th Annual General Meeting on July 25, 2025, at Mapletree Business City in Singapore. The meeting was attended by unitholders, directors, management, and representatives from various legal and auditing firms. The AGM was presided over by Mr. Cheah Kim Teck, Chairman of the Board of Directors of the Manager, following the confirmation of a quorum. The meeting included introductions of key personnel and a presentation by the management.

The most recent analyst rating on (SG:ME8U) stock is a Buy with a S$2.00 price target. To see the full list of analyst forecasts on Mapletree Industrial stock, see the SG:ME8U Stock Forecast page.

Mapletree Industrial Trust Issues New Units for Management Fees

Mapletree Industrial Trust has issued 848,721 new units to its manager as a base fee for managing its properties, including 29 data centers in the United States and a data center in Osaka, Japan. This issuance reflects the trust’s ongoing strategy to manage and expand its portfolio, potentially impacting its operational efficiency and stakeholder value.

The most recent analyst rating on (SG:ME8U) stock is a Buy with a S$2.28 price target. To see the full list of analyst forecasts on Mapletree Industrial stock, see the SG:ME8U Stock Forecast page.