Shares & Derivatives
Mapletree Logistics Trust Analysis @ 19 October 2020
By REIT-TIREMENT  •  October 19, 2020
Basic Profile & Key Statistics Mapletree Logistics Trust (MLT) is a logistics focus SREITs that invests in 146 properties across Singapore, Hong Kong, Japan, China, Australia, Malaysia, South Korea and Vietnam. Quarter Performance Review Gross Revenue and NPI increased by more than 8% due to higher contribution from existing properties and contributions from acquisitions as well as redevelopment completion. DPU increased by 1.5% YoY. MLT completed its acquisition in Melbourne in September 2020, which should improve upcoming gross revenue, albeit not much. Lease Profile Occupancy improved slightly to 97.5%. 53.2% of MLT income is received in SGD and major currencies. WALE is moderate at 4.2 years where the highest lease expiry of 24.8% falls in FY21/22. Weighted average land lease expiry is short at 51.16 years. Debt Profile Gearing ratio is slightly high at 39.5%. Cost of debt is low at 2.2% even with 90.4% of high unsecured debt %. Interest cover ratio improved slightly to 4.9 times....
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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Your email address will not be published.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Your Email Address will not be published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