- Mapletree Logistics Trust (SGX:M44U) reported 3QFY25/26 DPU of S$1.816 cents, +0.1% q-o-q/-9.3% y-o-y. Ongoing portfolio reconstitution, regional FX weakness, lower financing expense, and absence of divestment gains drove the performance. Portfolio occupancy and positive reversion inched up.
- - Read this at SGinvestors.io -
Portfolio occupancy improved
- Mapletree Logistics Trust's 3QFY25/26 revenue and NPI of S$176.8m and S$152m fell 3.1% and 3.3%, respectively. This was mainly due to forex headwinds and loss of income from divested assets. On a constant currency basis, decline in revenue and NPI would have been 1.2% and 1.5%, respectively.
- - Read this at SGinvestors.io -
- On a q-o-q basis, drivers were similar, resulting in stable distribution (+0.1% q-o-q). Portfolio occupancy improved to 96.4% from 96.1% in 2QFY25/26 due to higher occupancies in Singapore, Japan and South Korea. Rental reversion was 1.7%, excluding China (+1.1% including China). China’s rental reversion improved from -3% in 2QFY25/26 (-2.2% in 3QFY25/26, -10.2% a year ago). Outlook for leasing demand is stable across key operating markets.
Stable debt metrics
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybanktrade.com.sg/ 2026-01-27
Read also Maybank's most recent report:
2026-05-03 Mapletree Logistics Trust - Stable Distribution & Operating Metrics.
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
