Back
23 Apr 2025
Mapletree Logistics Trust Reports DPU of 1.955 cents for 4Q FY24/25 and 8.053 cents for Full Year
Summary:
- Mapletree Logistics Trust (MLT) announced a Distribution Per Unit (DPU) of 1.955 cents for the fourth quarter of FY24/25 and a total DPU of 8.053 cents for the full fiscal year.
- The trust's portfolio maintained a stable operational performance with a 96.2% occupancy rate and achieved positive rental reversions of 5.1%.
- In terms of financial results for the quarter, gross revenue saw a slight decrease of 0.8% year-on-year to S$179.6 million, and net property income (NPI) decreased by 1.6% to S$152.8 million.
- The amount distributable to Unitholders experienced a 10.3% decline compared to the same period last year.
- MLT actively managed its portfolio throughout the fiscal year, with over S$220 million in announced and/or completed acquisitions and S$209 million in divestments.
- Regarding sustainability, MLT achieved the neutralization of Scope 2 carbon emissions for its combined China and Hong Kong SAR markets and has a total installed solar capacity of 71.1 MWp.
- Looking ahead, the company anticipates increased macroeconomic uncertainty and is focusing on retaining tenants, managing costs, and capital management.
- The weighted average borrowing cost for the fourth quarter of FY24/25 remained stable at 2.7% per annum.
- As of March 31, 2025, MLT's portfolio, comprising 180 properties, was valued at S$13.3 billion.