Shares & Derivatives
Mapletree Logistics Trust Review @ 26 October 2021
By REIT-TIREMENT  •  October 26, 2021
Basic Profile & Key Statistics Mapletree Logistics Trust (MLT) is a logistics REIT that invests in 163 properties across 9 countries. Performance Highlight Gross revenue, NPI, distribution and DPU increased YoY mainly due to contribution from acquisitions completed in FY20/21, higher occupancy from Mapletree Ouluo Logistics Park Phase 2 which completed redevelopment in 1Q FY20/21 and higher revenue from existing properties. Rental reversion is at 2.4% for 2Q FY21/22. There are 4 proposed acquisitions that are pending. Besides the Mapletree Logistics Hub in Malaysia, the other 3 are targeted to be completed by this year end. Related Parties Shareholding
  • REIT sponsor's shareholding is high at 31.221%
  • REIT manager's shareholding is low at 0.054%
  • Directors of REIT manager's shareholding is low at 0.02%
Lease Profile
  • Occupancy is high at 97.8%
  • Income in SGD/Major Currencies is low at 47.9%.
  • WALE is moderate at 3.7 years
  • Highest lease expiry within 5 years is slightly high at 28.5% which falls in FY22/23
  • Weighted average land lease expiry is slightly short at 55.08 years
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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 ...
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