- 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.
