Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot - Moody's Global Credit Research

Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot

Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot - Moody's Global Credit Research
Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot
Published Nov 28, 2017
2 pages (1846 words) — Published Nov 28, 2017
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¬ 2017 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). All rights reserved. CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS...

  
Report Type:

Peer Snapshot

Issuer
Mapletree Logistics Trust
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Mapletree Logistics Trust - March 2018 (LTM): Peer Snapshot - Peer Snapshot – 2018/06/07 – US$ 750.00 – ...Baa1 Stable A3 Positive Baa3 Stable Baa1 Stable Mapletree Logistics Trust Ascendas Real Estate Investment Trust ESR-REIT Mapletree Commercial Trust...

Mapletree Logistics Trust: Mapletree Logistics Trust raises equity to fund acquisition of properties in China, a credit positive - Issuer Comment – 2018/06/04 – US$ 200.00 – ...Projections are on a look-through basis, assuming a full-year of rental income generated from the 11 properties in fiscal 2019, which ends on 31 March 2019. Sources: Moody's Financial Metrics and Moody's Investors Service estimates...

Mapletree Logistics Trust: MLT raises equity to fund acquisition in China, a credit positive - Issuer Comment – 2018/05/30 – US$ 200.00 – ...Note: Projections are on a look-through basis, assuming a full-year of rental income generated from the 11 properties in FY19 Sources: Moody's Financial Metrics, Moody's Investors Service estimates...

Mapletree Logistics Trust: Update to credit analysis - Credit Opinion – 2018/03/28 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa1 issuer rating reflects the trust's (1) diversified portfolio of logistics assets across eight markets within Asia Pacific; (2) stable and recurring income; and (3) good financial flexibility, given that all its debt is funded on an unsecured basis. MLT's rating also takes into account the support of Mapletree Investments Pte. Ltd. (Mapletree Investments), the trust's financially strong sponsor with strong banking relationships, and MLT's track record of good access to diversified funding sources. While MLT's capital structure has improved following its equity fund raising in September and October 2017, the trust's adjusted leverage remains relatively high. MLT's rating also remains constrained by (1) its continued acquisitive portfolio growth strategy; and (2) the soft operating environment within the Singapore industrial property segment, which we believe will only rebalance with a modest recovery starting early 2019. MLT is also exposed to the inherent...

Mapletree Logistics Trust - December 2017 (LTM): Peer Snapshot - Peer Snapshot – 2018/02/28 – US$ 750.00 – ...Source: Moody's Financial MetricsTM. All figures & ratios calculated using Moody's estimates & standard adjustments. FYE = Financial Year-End. LTM = Last Twelve Months. RUR* = Ratings under Review, where UPG = for upgrade and DNG = for downgrade....

Mapletree Logistics Trust: Update following change in outlook to stable - Credit Opinion – 2017/09/21 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa1 issuer rating reflects the trust's (1) diversified portfolio of logistics assets across eight markets within Asia Pacific; (2) stable and recurring income; and (3) good financial flexibility, given that all its debt is funded on an unsecured basis. The trust's rating also takes into account the support of Mapletree Investments Pte. Ltd. (unrated), MLT's financially strong sponsor with strong banking relationships and the trust's track record of good access to diversified funding sources. While the equity fund raising announced on 28 August 2017 will improve MLT's capital structure, its adjusted leverage remains high. MLT's rating also remains constrained by (1) its continued acquisitive portfolio growth strategy; and (2) the weak outlook within the Singapore industrial property segment, which we believe will strain rental and occupancy rates over the next 12-18 months. MLT is also exposed to the inherent liquidity risks associated with Singapore real...

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MLA:
Moody's Global Credit Research. "Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot" Nov 28, 2017. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/moodys-credit-research/Mapletree-Logistics-Trust-September-2017-LTM-Peer-Snapshot-PBC_1102337>
  
APA:
Moody's Global Credit Research. (). Mapletree Logistics Trust - September 2017 (LTM): Peer Snapshot Nov 28, 2017. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/moodys-credit-research/Mapletree-Logistics-Trust-September-2017-LTM-Peer-Snapshot-PBC_1102337>
  
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