- Mapletree Logistics Trust eked out positive rental reversions of 2.9% in 4QFY24 driven by Singapore (+11.1%), despite the drag from China (-10.0%). Portfolio occupancy was stable at 96.0% as of Mar 24.
- - Read this at SGinvestors.io -
Mapletree Logistics Trust (MLT) reported 4QFY24 results
- Mapletree Logistics Trust (SGX:M44U) reported DPU of 2.211 cents for 4QFY24 (-2.5% y-o-y), which is in line with our expectation. The results included divestment gains of S$12.0m.
Hampered by strong S$.
- - Read this at SGinvestors.io -
- On a constant currency basis, revenue and NPI would have grown by 3.6% and 3.0% y-o-y respectively. Higher contribution from existing properties and new acquisitions were offset by weaker performance in China.
Persistent weakness from China.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-05-02
Read also UOB's most recent report:
2024-10-24 Mapletree Logistics Trust 2QFY25 - Negative Double-digit Rental Reversion In China.
Previous report by UOB:
2024-07-26 Mapletree Logistics Trust - Growth Deceleration; Downgrade To HOLD.
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 Dividends & Corporate Actions,
Mapletree Logistics Trust News Articles
