Mapletree Logistics Trust 2QFY25 - UOB Kay Hian 2024-10-24: Negative Double-digit Rental Reversion In China

• The outlook for China remains challenging and the weakness is expected to persist over the next few quarters. Mapletree Logistics Trust cautioned that cost of debt would continue to rise as loans are refinanced and interest rate swaps are rolled over at higher interest rates in 2HFY25 and FY26.

2QFY25 DPU of S$0.02027

• - Read this at SGinvestors.io -

Still hampered by strong S$.

• - Read this at SGinvestors.io -
• Growth from Singapore and Australia was offset by a weaker performance in China. On a constant currency basis, revenue was flat y-o-y and NPI declined 0.3% y-o-y.

Stable occupancies on a portfolio-wide basis.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-01-29 Mapletree Logistics Trust 3QFY26 - Positive Rental Reversion At Low Single-digit.

Previous report by UOB:
2025-10-30 Mapletree Logistics Trust - 2QFY26 Moderation In Rental Reversion.

Price targets by 2 other brokers at Mapletree Logistics Trust Target Prices.

Listing of research reports at Mapletree Logistics Trust Analyst Reports.

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