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Mapletree Logistics Trust posts 5.8% growth in 3QFY2022 DPU to 2.185 cents

Samantha Chiew
Samantha Chiew1/28/2022 05:38 PM GMT+08  • 3 min read
Mapletree Logistics Trust posts 5.8% growth in 3QFY2022 DPU to 2.185 cents
MLT posts 5.8% DPU growth to 2.185 cents in 3QFY2022.
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The manager of Mapletree Logistics Trust (MLT) announced that the trust’s DPU for the 3QFY2022 ended December 2021 came in at 2.185 cents, 5.8% higher than 2.065 cents the previous year, on an enlarged unit base following the equity fund raising during the same period.

The amount distributable to unitholders increased by 14.5% y-o-y to $96.7 million.

Gross revenue for the third quarter was $166.9 million, an increase of 19.3% from $139.9 million a year ago. This brought net property income (NPI) to $146.4 million, 17.4% higher than $124.7 million last year. This growth in revenue and NPI was driven by higher revenue contribution from existing properties, contributions from accretive acquisitions completed in 9MFY2022 and FY2021, as well as lower rental rebates granted to eligible tenants impacted by Covid-19.

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