Mapletree Logistics Trust had released their 4QFY19/20 financial results on 23rd April 2020. I was surprised by the excellent financial results that Mapletree Logistics Trust had released and the best thing for unitholders is that the manager is not holding back any capital distribution due to COVID-19.

Gross Revenue for 4QFY19/20 grew 5.5% to S$128.1 million and Net Property Income (“NPI”) grew 9.3% to S$114.7 million. Distribution Per Unit (“DPU”) grew 1.2% to 2.048 cents.

Based on the 4QFY19/20 financial results, I observed that while most retail REITs are impacted by the COVID-19 situation, industrial REITs such as Mapletree Logistics Trust are less vulnerable to COVID-19. Or perhaps the impact has not yet hit industrial REITs?

Nevertheless, below are the impressive results from Mapletree Logistics Trust.