Mapletree Logistics Trust has announced their 3Q FY21/22 Financial Results on 28th January 2022.
Gross revenue grew 19.3% due to higher revenue from existing properties and accretive acquisitions completed in FY21/22 and FY20/21.
Property expenses increased 34.9 due to acquisitions, higher property and land tax and higher allowance for doubtful receivables.
Distribution Per Unit (“DPU”) increased 10% from 1.949 cents in 3Q FY20/21 to 2.144 cents in 3Q FY21/22.
Mapletree Logistics Trust 3Q FY21/22 Financial Results
|
3QFY21/22
(S$’000) |
3Q FY20/21
(S$’000) |
Change |
Gross Revenue |
166,875 |
139,887 |
19.3% |
Net Property Income |
146,443 |
124,741 |
17.4% |
Property expenses |
(20,432) |
(15,146) |
34.9% |
Income available for distribution |
102,337 |
88,681 |
15.4% |
Distribution to Unitholders |
94,858 |
79,678 |
19.1% |
Distribution Per Unit (“DPU”) (cents) |
2.144 |
1.949 |
10.0% |
Occupancy
Overall portfolio occupancy stood healthy at 97.8%. As you can see below, Japan, Hong Kong SAR and South Korea both achieved higher occupancy as compared to September 2021....