- Mapletree Logistics Trust reported DPU of S$0.02003 for 3QFY24/25, -1.2% q-o-q/-11.1% y-o-y. Key headwinds of negative reversion in China, higher borrowing expense and adverse FX were unchanged but intensity was sequentially less.
- - Read this at SGinvestors.io -
- Focus remains on portfolio reconstitution with unchanged annual divestment target.c
Resilient performance
- Mapletree Logistics Trust's 3QFY24/25 revenue and NPI of S$182.4m and S$157.2m, respectively, were 0.9% and 1.4% lower y-o-y. Lower contribution from China, absence of revenue from divested properties and currency weakness led to the decline.
- - Read this at SGinvestors.io -
- Combined with higher borrowing costs and lower distribution of divestment gains, Mapletree Logistics Trust's dividend payout fell on the year and sequentially.
Expect high/mid-single digit negative reversion FY26 & FY27
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybanktrade.com.sg/ 2025-01-22
Previous report by Maybank:
2024-10-23 Mapletree Logistics Trust - Finding A Floor, Potentially Receding Headwinds.
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
