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MapletreeLog sees strong 3Q19 results as rental reversions gather pace

PC Lee
PC Lee1/23/2019 03:34 PM GMT+08  • 3 min read
MapletreeLog sees strong 3Q19 results as rental reversions gather pace
SINGAPORE (Jan 23): Mapletree Logistics Trust (MLT) reported 3Q19 gross revenue and Net Property Income (NPI) jumped 23% and 25.9% y-o-y to $120.8 million and $104.5 million, respectively.
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SINGAPORE (Jan 23): Mapletree Logistics Trust (MLT) reported 3Q19 gross revenue and Net Property Income (NPI) jumped 23% and 25.9% y-o-y to $120.8 million and $104.5 million, respectively.

This was driven by organic growth, contribution from the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1 and acquisitions.

DPU grew at a smaller 5% y-o-y to 2.002 cents as a result of higher borrowing costs and a larger unit base.

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