MLT’s distributable income for the quarter came in at $92 million, down 6.2% y-o-y, and its gross revenue came in 2.4% y-o-y lower at $177.4 million. Net property income similarly declined 2.1% y-o-y for 1QFY2025 to $153.4 million.
Mapletree Logistics Trust (MLT) has reported a lower distribution per unit (DPU) of 1.812 cents for 1QFY2025 ended June 30, down 7.3% y-o-y.
The trust says that this is due to the absence of one-off divestment gains and weaker regional currencies. On a q-o-q basis, DPU increased 0.5% q-o-q.
