Mapletree Logistics Trust - DBS Research 2024-04-30: Tough Times Are Temporary, Resilience Stays

• Mapletree Logistics Trust (SGX:M44U) reported a resilient set of results with 4QFY24 DPU of 2.211 cents (-2.5% y-o-y, -1.9% q-o-q).

Strength in diversity

Resilient DPU of 9.0 cents (stable y-o-y) in FY24, core DPU of 8.3 cents (-9.0% y-o-y) ahead of estimates

• - Read this at SGinvestors.io -
• While distributing divestment gains has always been Mapletree Logistics Trust’s policy, FY24’s DPU was enhanced by an exceptional S$41m in divestment gains, translating to a DPU boost of 0.83 cents worth compared to 0.13 cents a year ago.
• - Read this at SGinvestors.io -
• The steady performance was given a boost by contribution from acquisitions, offset by divestments and the depreciation of the CNY, JPY, HKD, MYR, AUD against the S$. On a constant currency basis, gross revenues and net property income would have risen by 4.1% and 3.6% respectively.

Dip in net asset values.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2023-10-26 Mapletree Logistics Trust - Citadel Of Safety.

Price targets by 2 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