- Occupancy is slightly high at 97.1%.
- Income in SGD/Major Currencies is low at 52.3%.
- WALE is slightly short at 3.7 years where the highest lease expiry of 26.5% falls in FY21/22.
- Weighted average land lease expiry is slightly short at 50.91 years.
Basic Profile & Key Statistics
Mapletree Logistics Trust (MLT) is a logistics focus SREITs that invests in 156 properties across Singapore, Hong Kong, Japan, China, Australia, Malaysia, South Korea and Vietnam.
Performance Review
Gross revenue, NPI and distributable income to unitholders increased YoY by 15.5%, 14.9% and 10.2% respectively due to higher revenue from existing properties, income contribution from acquisitions as well as redevelopment completion. Despite that, DPU increased by 1% YoY due to enlarged unitholders base.
Rental reversion is at positive 1.6%.
MLT had completed the above acquisitions in December 2020 which is expected to increase its income moving forward.
Lease Profile
