- Mapletree Logistics Trust's management cautioned that a protracted trade war could affect demand for warehouse space, thereby reducing occupancy and rental rates.
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Headwinds from China and a strong Singapore dollar.
- Mapletree Logistics Trust's gross revenue and NPI declined 0.8% and 1.6% y-o-y respectively in 4QFY25 due to
- lower contribution from China,
- absence of contribution from divested properties and
- currency weakness from the Australian dollar (- 4.6% y-o-y) and Korean won (-9.1% y-o-y) against the Singapore dollar.
- - Read this at SGinvestors.io -
Suffered revenue contraction in China and South Korea.
- Mapletree Logistics Trust achieved a positive rental reversion of 5.1% in 4QFY25, powered by Singapore (+7.0%), Japan (+15.7%) and South Korea (+4.7%). China incurred a negative rental reversion of 9.4% (Tier 1 cities: +0.3%, Tier 2 cities: -10.8%). Excluding China, positive rental reversion was stronger at 6.9% on a portfolio-wide basis.
- Revenue from China declined 15.7% y-o-y in 4QFY25 due to seven consecutive quarters of continued negative rental reversions.
- Revenue from South Korea also declined 11.7% y-o-y due to the Korean won’s weakness against the Singapore dollar.
Portfolio occupancy was stable at 96.2% as of Mar 25.
- Read more at SGinvestors.io.
