Mapletree Logistics Trust (SGX: M44U) has been doing well amidst the COVID-19 pandemic due to the nature of its properties and tenants. Let’s take a quick look at the 4 key takeaways from the FY2020 results of Mapletree Logistics Trust and find out how they are doing after their long string of acquisitions over the past year.
- Remarkable Growth In Gross Revenue and NPI
| Year on Year Difference |
FY2020 |
FY2019 |
| Gross Revenue |
S$561.14 million (+14.3%) |
S$490.777 million |
| Net Property Income (NPI) |
S$499.112 million (+13.8%) |
S$438.544 million |
Mapletree Logistics Trust (MLT) ended off the year strong with solid growth in both their Gross Revenue (14.3%) and NPI (13.8%). Taking into account that the industrial and logistics sector was barely affected by the pandemic, the strong set of numbers were in line with expectations in addition to MLT’s management, which is very active in growing the portfolio and bringing value to shareholders....
