Borrowing costs decreased mainly due to lower base rates on unhedged SGD borrowings, interest savings from repayment of loans with divestment proceeds, but partially offset by interest incurred on loan drawn for Mapletree Joo Koon Logistics Hub (MJKLH) recognised in profit or loss post receipt of Temporary Occupation Permit (TOP), replacement hedges at higher cost and higher rates for JPY loans.
Mapletree Logistics Trust’s 4QFY2026 distributions per unit (DPU) for the three months to Mar 31 fell by 7% y-o-y to 1.819 cents while FY2026 DPU for the 12 months to Mar 31 declined by 9.8% y-o-y to 7.262 cents.
Gross revenue and net property income (NPI) for 4Q FY2026 were 1.7% and 0.9% lower respectively, primarily driven by absence of contributions from divested properties and weaker regional currencies (mainly HKD, JPY, KRW and VND), partly offset by the appreciation of MYR and AUD. The currency impact is partially mitigated through hedging. Gross revenue and NPI for FY2026 for the 12 months to end-March fell by 2.6% and 2.4% y-o-y respectively, for similar reasons.
