The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    The revisions follow a review by the government given growing concerns over rising prices and "flipping" of ECs for substantial gains on resale.

    New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers

    The Court of Appeal found the seller's conduct serious enough to justify a much higher award than the High Court had granted.

    Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More