Mapletree Logistics Trust gears up for 'aggressive' acquisitions

Analyst expects $250m by end-2014.

According to DBS, supported by a defensive portfolio and strong balance sheet (gearing of c34%), MLT will be taking a more aggressive stance towards growth and will pursue acquisition and development opportunities to expand its portfolio with an aim towards growing distributions.

"We now expect S$250m (S$200m previously) of acquisitions in our forecasts by end of FY14, resulting in a strong 8% growth in DPU in FY15F," DBS said.

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