- 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 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/ 2025-01-22
Previous report by OCBC:
2024-10-23 Mapletree Logistics Trust - Weakness In DPU Not Unexpected.
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
