The Mapletree family of REITs reported their year to 31 Mar 2018 results which were generally positive.
The following sums up the key points from the results presentations for each REIT.
Mapletree Logistics Trust (MLT)
MLT’s fourth quarter distribution per unit rose by 4%, on the back of organic growth, contributions from a newly-completed redevelopment in Singapore, as well as acquisitions.
For the three months ended March 31, gross revenue rose 11% from a year earlier to S$107.5m.
Net property income rose 14% to S$91.3m.
Overall growth was partially offset by the absence of contributions from four divestments and one of two blocks under redevelopment in Ouluo Logistics Centre, China.
Amount available for distribution to unitholders rose 27% compared to the same period last year to S$59.2m while DPU for the full year came up to 7.618 Singapore cents, a 2% increase from the previous year’s DPU of 7.44 Singapore …