Mapletree Industrial Trust's DPU Just Fell. But That's Not Even the Real Problem.π¦
Mapletree Industrial Trust's DPU Just Fell. But That's Not Even the Real Problem.π¦
π The Angle
A REIT yielding 6.6% just cut its DPU by 4.9%. That is not the problem. Gearing crossed 35%, occupancy fell below 95%, and interest coverage missed 4.0x cleanly. Three hard gates failed in one quarter.
π° What It Means For You
If you hold MIT for CPF-S or SRS income, the question is not the 6.6% yield. It is whether gearing at 37.5% and data centre occupancy at 82.5% normalise in the next two quarters. Iggy's Forensic Zone: Zone 4-, Caution. Legacy holders watch the next print. Fresh capital waits for two of three gates to clear.
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