- MLT’s distribution per unit (DPU) increased by 2.5% year-over-year to 8.326 cents. The increase was mainly due to an increase in contributions from existing properties, newly acquired properties, and the distribution of divestment gains. Since its listing in 2005, MLT has managed to steadily grow its amount distributable to unitholders and DPU.
Mapletree Logistics Trust (MLT) is a REIT that owns a diversified portfolio of logistics properties located in Singapore and across the Asia-Pacific. It is also Singapore’s first Asia-focused logistics REIT.
As many e-commerce companies benefitted from pandemic-induced lockdowns in several countries, MLT enjoyed an eventful 2020 as rental income from e-commerce logistics companies continued to stream in. Will this trend keep up? I tuned in to MLT’s recent AGM to find out more.
Here are seven things I learned from the 2021 Mapletree Logistics Trust AGM.