Mapletree Logistics Trust (SGX: M44U) is an Asia-focused logistics REIT with a diversified portfolio of 127 logistics and warehouse properties in Singapore, Japan, Hong Kong, South Korea, China, Australia, Malaysia, and Vietnam. As of 31 March 2017, MLT’s total portfolio was valued at S$5.5 billion.
I attended MLT’s 2017 annual meeting to assess its past year’s performance in the midst of an uncertain global economic climate and a challenging Singapore market due to an oversupply of warehouse space here.
I also wanted to find out about the management’s outlook on the regional markets as the Trust continues to broaden its footprint and invest heavily in Australia, Malaysia, and Vietnam.
With that, here are 15 things I learned from the Mapletree Logistics Trust 2017 AGM:
1. Gross revenue increased 6.6% year-on-year to S$373.1 million and net property income (NPI) increased 7.3% to S$312.2 million. This was …