Mapletree Logistics Trust (MLT), a prominent logistics REIT, saw its stock soar 3.70% in early trading on Monday, signaling a potential turnaround after a period of declining share prices. This surge comes as a welcome relief for investors, given that MLT's unit price had plummeted 18.6% year-to-date and recently hit its 52-week low of S$1.03.

The recent uptick in MLT's stock price suggests that investors may be finding value in the REIT following its significant decline. Despite facing challenges in the first nine months of fiscal 2025, including a 1% year-on-year slip in gross revenue to S$547.4 million and a 1.5% dip in net property income to S$472.5 million, MLT has maintained a strong portfolio occupancy rate of 96.3%. Furthermore, the REIT registered a positive rental reversion of 3.4% for the latest quarter, indicating some resilience in its core operations.

MLT's management has been actively pursuing portfolio rejuvenation strategies, which may be contributing to renewed investor confidence. The REIT conducted three yield-accretive acquisitions in Malaysia and Vietnam during the first nine months of fiscal 2025. Additionally, MLT divested 13 properties with older specifications for S$201 million, all at premiums to their valuations. These strategic moves, aimed at optimizing the portfolio and potentially improving future performance, could be factors driving the current stock price surge as investors reassess the REIT's long-term prospects in the logistics real estate sector.

Mapletree Log Tr surges 2.73% at 10:27 am, Apr 15th.