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Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds

For the full year, the amount distributable to unitholders rose 3.3% to S$447.1 million

Sharanya Pillai

Published Mon, Apr 29, 2024 · 07:23 PM

HIGH interest costs and weak regional currencies weighed on Mapletree Logistics Trust’s : M44U 0% performance for Q4 ended Mar 31, with distributions per unit (DPU) falling 2.5 per cent to 2.211 cents.

Gross revenue for the quarter rose 1.2 per cent to S$181 million, while net property income (NPI) was up 0.6 per cent to S$155.3 million, the trust announced on Monday (Apr 29).

NPI was weighed down by a 4.5 per cent increase in property expenses to S$25.7 million.