MLT's Q2 DPU up 3.4% on contributions from new, existing assets
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
STABLE performance across all its markets coupled with new portfolio assets boosted Mapletree Logistics Trust's (MLT) second-quarter distribution per unit (DPU) to 2.025 Singapore cents, up 3.4 per cent from 1.958 cents a year earlier.
Gross revenue for the three months ended Sept 30 rose 14.2 per cent to S$121.8 million, contributed by higher revenue from its existing properties in Hong Kong, as well as the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1, and acquisitions in Singapore, Australia, South Korea and Vietnam completed in FY19.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
