Basic Profile & Key Statistics
- Main Sector(s): Logistics
- Country(s) with Assets: Singapore, China, Hong Kong, Japan, Australia, South Korea, Malaysia, Vietnam & India
- of Properties (exclude development/associate/fund): 185
Key Indicators
Performance Highlight
Gross revenue, NPI, amount distributable and DPU have increased yoy mainly due to higher revenue from existing properties and multiple acquisitions in 1Q FY22/23 and FY21/22. DPU increment in terms of % is lower due to an enlarged unitholder base.
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Rental Reversion
Rental reversion for the latest quarter is at 3.4%.
Acquisition
MLT acquired 2 logistics properties in China and South Korea in the latest quarter. Besides the above, MLT has completed the acquisition of 2 parcels of leasehold industrial properties in Malaysia on 14th July.
Development
The redevelopment of 51 Benoi Road is target to be completed by 1Q 2025. This redevelopment would increase the GFA by 2.3 times.
Sensitivity to Interest Rate
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For every 0.25% increase in interest rate, DPU would be impacted by 0.01 cent per quarter, around 0.4%.
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