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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

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Raphael Lim
Sharanya Pillai

Raphael Lim &

Sharanya Pillai

Published Mon, Apr 29, 2024 · 07:23 PM
    • For the full year, MLT posted a 0.4 per cent rise in gross revenue to S$733.9 million.
    • For the full year, MLT posted a 0.4 per cent rise in gross revenue to S$733.9 million. PHOTO: BT FILE

    HIGH interest costs and weak regional currencies weighed on Mapletree Logistics Trust’s 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.

    mapletree logistics trustFinancial resultsSingapore property

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