Mapletree Logistics Trust (SGX: M44U) (MLT) is a logistics REIT with 118 properties in eight countries – Singapore, Malaysia, Vietnam, Australia, Japan, Hong Kong, South Korea, and China. The properties include logistics parks, distribution centres, food and cold storage, and industrial warehouses.

As you can see from the chart above, Singapore’s industrial production has been especially weak the past 12 months. I attended MLT’s annual general meeting to discover how the REIT performed over its last financial year and how the management planned to navigate the tough economic climate. Here are 15 things I learned from Mapletree Logistics Trust’s FY2016 AGM:

• Gross revenue and net property income (NPI) rose 6.0% and 4.8% respectively driven mainly by growth in Hong Kong. However, this was offset by weaker results from Singapore as a number of single user assets (SUAs) are being converted to multi-tenanted buildings (MTBs). Distribution per unit (DPU) ...

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