Analysts are keeping a positive stance on Mapletree Logistics Trust (MLT) following its latest results announcement on Jan 25. The trust reported distribution per unit (DPU) of 2.065 cents for the 3QFY2020/2021 ended December over an enlarged unit base of 4.28 billion following the equity fund raising completed during the quarter. The DPU represents a 1.0% y-o-y increase from 2.044 cents in 3QFY2019/2020.

Amount distributable to unitholders for the quarter rose 10.2% y-o-y to $84.4 million, as it includes the partial distribution of the gains from the divestments of Mapletree Waigaoqiao Logistics Park. The sum also includes the gains from the divestments of the five properties in Japan as well as from 7 Tai Seng Drive. Revenue for the quarter came in at $139.9 million, 15.5% higher y-o-y.

See: Mapletree Logistics Trust reports slightly higher 3Q20/21 DPU of 2.065 cents on enlarged unit base

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