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Mapletree Industrial Trust (ME8U) Fair Value & Analysis

Real Estate · SG · Market cap 5.5B SGD

MI Mapletree Industrial Trust ME8U · SG
Price1.94 SGD
Fair Value1.41 SGD
Upside-27.3%
Quality62/100
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Evidence: High Range 1.18 SGD – 1.65 SGD

Fair value as of: Jul 4, 2026

From 23 valuation models · updated yesterday

Price vs Fair Value (12 months)

2.12 SGD 1.88 SGD Fair Value 1.41 SGD Jul 2025 Jul 2026

12‑month range 1.88 SGD – 2.12 SGD · fair‑value band 1.18 SGD – 1.65 SGD · the 1.94 SGD price screens above the 1.41 SGD fair value. As of Jul 4, 2026.

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Analysis

Mapletree Industrial Trust (ME8U) currently trades at 1.94 SGD, while our model-based Fair Value estimate is 1.41 SGD — implying the stock looks roughly 27.3% overvalued today. We read business quality at 62/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Mapletree Industrial Trust generated revenue of 673M SGD at a net margin of 32.9%. Revenue declined 8.0% year over year. It earns a return on equity of 4.3%. Net debt stands at 2.2B SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 673M SGD
Revenue growth (YoY) -8.0%
Net margin 32.9%
Return on equity 4.3%
Free cash flow 433M SGD FY2026
P/E ratio 27.7
More key figures
Operating margin 56.5%
EPS (TTM) 0.0700 SGD
Dividend yield 6.6%
EPS growth (YoY) -3.8%
Net debt 2.2B SGD FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Mapletree Industrial Trust is a real estate investment trust (REIT) listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. As at 31 March 2026, MIT's total assets under management was S8.3 billion dollar, which comprised 55 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd), 79 properties in Singapore and two properties in Japan. MIT's property portfolio includes Data Centres, Hi-Tech Buildings and Business Space and General Industrial Buildings. MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd. Mapletree Industrial Trust was incorporated in 2008 in Singapore.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mapletree Industrial Trust reported revenue of 644M SGD in FY2026 versus 554M SGD in FY2022, a compound +3.8%/yr. Reported net income was 221M SGD in FY2026, compounding −15.7%/yr from FY2022.

Revenue +3.8%/yr
FY22 554M SGD
FY23 611M SGD
FY24 661M SGD
FY25 681M SGD
FY26 644M SGD
Net income −15.7%/yr
FY22 439M SGD
FY23 291M SGD
FY24 121M SGD
FY25 345M SGD
FY26 221M SGD

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Similar stocks

6 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $144.54 $58.09 -60%
Public Storage, a member of the S&P 500, PSA $320.22 $246.08 -23%
Extra Space Storage Inc EXR $147.19 $78.38 -47%
SEGRO Plc SEGXF $10.37 $6.29 -39%
EastGroup Properties, Inc EGP $203.22 $126.92 -38%
Lineage, Inc LINE $40.39 $72.44 +79%

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Frequently asked questions

Is Mapletree Industrial Trust (ME8U) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 1.41 SGD versus a price of 1.94 SGD — about −27% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ME8U?
Our model-based fair value for Mapletree Industrial Trust is 1.41 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 1.94 SGD.
What is the quality score of ME8U?
Mapletree Industrial Trust has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mapletree Industrial Trust (ME8U)?
Mapletree Industrial Trust reported trailing-twelve-month revenue of about 673M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of ME8U?
The net profit margin of Mapletree Industrial Trust is about 32.9%, meaning it keeps roughly 32.9% of revenue as net income. Based on the latest reported figures.
Does Mapletree Industrial Trust pay a dividend?
Mapletree Industrial Trust currently shows a dividend yield of about 6.61% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.