SINGAPORE (July 22): Analysts are bullish on Mapletree Logistics Trust (MLT) after it announced a rather positive 1QFY20/21 results on Monday with DPU increasing by 1.0% y-o-y to 2.045 cents, while gross revenue and net property income increased by 10.5% and 12.0% to $132.4 million and $118.8 million, respectively.

This was all thanks to organic rental growth, contributions from new acquisitions, and lower property expenses, albeit partly offset by rental rebates granted to eligible tenants and divestment of six properties in FY20.

See: MLT posts 1% increase in 1Q DPU to 2.045 cents

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook