- Mapletree Logistics Trust's 2QFY25 (financial year ending Mar 2025) distribution per unit (DPU) dipped 10.6% y-o-y to S$0.02027.
- Portfolio occupancy improved by 0.3 percentage points (ppt) q-o-q to 96.0%; overall 2QFY25 portfolio rental reversions were -0.6% due to China (-12.2%)
3QFY25 DPU fell 10.6% y-o-y but was within our expectations
- - Read this at SGinvestors.io -
- On a constant currency basis, Mapletree Logistics Trust'’s gross revenue would have been flat and NPI would have declined slightly by 0.3% y-o-y.
- - Read this at SGinvestors.io -
- Cumulatively, Mapletree Logistics Trust'’s 1HFY25 NPI was down 1.5% y-o-y to S$315.3m, while DPU saw a decline of 9.8% to S$0.04095. This constituted 50.5% of our initial FY25 forecast and was within our expectations.
Overall positive portfolio rental reversions came in at -0.6% as China (-12.2%) formed the bulk of renewals during the quarter
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-10-23
Previous report by OCBC:
2024-07-25 Mapletree Logistics Trust - Recalibrating Our DPU Expectations.
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 Dividends & Corporate Actions,
Mapletree Logistics Trust News Articles
