- 2QFY26 Mapletree Logistics Trust's dividends was S$1.815 cents (+0.2% q-o-q/-10.5% y-o-y). Organic and inorganic growth and savings in finance expense were offset by divestment, FX weakness and absence of divestment gains.
- - Read this at SGinvestors.io -
- Portfolio rejuvenation strategy suggests it’s targeting higher yields amid tapering rates and supply chain shifts.
Diversification helpful, China stabilising
- 2Q revenue and NPI of S$177.5m and S$153.3m fell 3.2% and 3.3% y-o-y. This was mainly due to portfolio reconstitution, FX weakness and organic growth excluding China. On a constant currency basis, revenue and NPI - 0.9% and -1% respectively.
- - Read this at SGinvestors.io -
- Portfolio occupancy was 96.1% (1Q 95.7%) with improvements in Singapore, China, South Korea and Malaysia offset by transitional vacancy in Japan. Rent reversion was +0.6% (+2.5% excluding China), with positive but moderated reversion across most markets outside China. China's negative reversion improved to -3% (-7.5% in 1QFY25, -12.2% in 2QFY25).
Debt metrics stable, focus on portfolio rejuvenation
- Read more at SGinvestors.io.
