MLT maintains Q2 DPU; flags tough leasing environment
Add BT as a preferred source
Singapore
MAPLETREE Logistics Trust (MLT) has highlighted a challenging leasing outlook for several of its single-tenanted industrial properties, even as it maintained its distribution per unit (DPU) at 1.86 Singapore cents for its fiscal second quarter ended Sept 30.
"Subdued global economic conditions have continued to weigh on business and consumer sentiment," said the real estate investment trust (Reit) in its outlook commentary.
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend
