Mapletree Logistics Trust - OCBC Investment Research 2025-01-22: Subdued Set Of Results As Expected

• Mapletree Logistics Trust reported a subdued set of 3QFY25 results which came in within our expectations.
• Gross revenue and net property income (NPI) fell 0.9% and 1.4% y-o-y to S$182.4m and S$157.2m, respectively. This was the result of weaker contributions from China and FX headwinds (mainly KRW, HKD and JPY) but partially offset by stronger contributions from Singapore, Australia and Hong Kong.
• - Read this at SGinvestors.io -

3QFY25 DPU slipped 11.1% y-o-y but met our expectations

• Coupled with lower distributions of divestment gains and a slightly larger unit base, Mapletree Logistics Trust's DPU dipped 11.1% y-o-y to 2.003 Singapore cents. If we exclude the distribution of divestment gains for both quarters, the adjusted DPU would have been lower by 7.5% y-o-y to 1.855 Singapore cents.
• - Read this at SGinvestors.io -

Overall positive portfolio rental reversions returned to positive territory despite continued drag from China

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2026-01-27 Mapletree Logistics Trust - More Time Needed For Recovery In China.

Previous report by OCBC:
2025-10-29 Mapletree Logistics Trust - Some Light At The End Of The Tunnel.

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