On Jan 20, MLT reported what analysts term a “stable” set of results. It posted a distribution per unit (DPU) of 2.044 cents for 3Q19/20 ended December, a 2.1% increase from the previous year. The increase came on the back of higher contributions from existing properties, but was partly offset by the absence of contribution from five properties in Japan divested in 1Q19/20.
SINGAPORE (Jan 24): Amid macroeconomic uncertainties and increasing cautionary behaviour, Mapletree Logistics Trust (MLT) has spent some $0.4 billion over the first three quarters of FY20 to ensure that its portfolio remains resilient through the acquisition of seven logistics properties in Malaysia, Vietnam and China.
With 143 properties currently, MLT’s diversified portfolio spans across eight Asian geographies, namely Singapore, Hong Kong, China, Australia, Malaysia, South Korea, Japan and Vietnam.
