Shares & Derivatives
10 things I learned from the 2018 Mapletree Logistics Trust AGM
By The Fifth Person  •  August 1, 2018
Mapletree Logistics Trust (MLT) is Singapore’s first Asia-Pacific focused logistics real estate investment trust with a portfolio of 124 properties in Singapore, Hong Kong, Japan, Australia, South Korea, China, Malaysia and Vietnam. As of 31 March 2018, MLT’s portfolio was valued at S$6.5 billion. Here are 10 things I learned from the 2018 Mapletree Logistics Trust AGM: 1. Gross revenue rose 5.9% year-on-year to $395.2 million while net property income increased 6.9% to S$333.8 million. The results were attributed to improved performance of existing properties, the acquisition of Mapletree Logistics Hub Tsing Yi and the remaining 38% stake in Shatin No.3 in Hong Kong, and the complete redevelopment of Mapletree Pioneer Logistics Hub in Singapore. Revenue growth was offset by the divestment of four older properties (Zama Centre and Shiroishi Centre in Japan, 4 Toh Tuck Link in Singapore, and Senai-UPS in Malaysia) and ......
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance