Mapletree Logistics Trust - OCBC Investment 2024-01-25: Benefits Of A Diversified Portfolio

• Mapletree Logistics Trust (SGX:M44U)’s 3QFY24 gross revenue and net property income (NPI) rose 2.1% and 1.5% y-o-y to S$184.0m and S$159.5m, respectively. This was driven by higher contribution from existing properties in Singapore and inorganic growth, but partially offset by weakness in China and FX headwinds.

3QFY24 results met our expectations.

• - Read this at SGinvestors.io -
• Borrowing costs continued to increase (+5.5% y-o-y), but overall DPU rose 1.2% y-o-y to S$0.02253 given the boost from the distribution of divestment gains amounting to S$12.4m (~0.248 Singapore cents per unit). See Mapletree Logistics Trust's distribution dates.
• - Read this at SGinvestors.io -

Portfolio occupancy declined for 2nd consecutive quarter

• Mapletree Logistics Trust’s overall portfolio occupancy saw a dip of 1.0 percentage point (ppt) q-o-q to 95.9%, its second consecutive quarter of sequential decline. There were more countries/regions which recorded a fall in occupancy rates, namely
  • Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2026-01-27 Mapletree Logistics Trust - More Time Needed For Recovery In China.

Previous report by OCBC:
2025-10-29 Mapletree Logistics Trust - Some Light At The End Of The Tunnel.

Price targets by other brokers at Mapletree Logistics Trust Target Prices.

Listing of research reports at Mapletree Logistics Trust Analyst Reports.

Relevant links:
Mapletree Logistics Trust Share Price History,
Mapletree Logistics Trust Announcements,
Mapletree Logistics Trust Dividend Payout Dates & Corporate Actions,
Mapletree Logistics Trust News