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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