On 25 October 2022, Mapletree Logistics Trust (“MLT”) have announced their 2023 half year result. Overall the results are decent for sure. However with the surprising low dividend yield in this higher interest rate environment, it seems like there is potential for share price to drift lower over the next few months. Have analyzed the results below.
Website: Financial Statements and Related Announcement::Second Quarter And/Or Half Yearly ResultsBackground
MLT is Singapore’s first Asia-focused logistics real estate investment trust. Listed on the Singapore Exchange Securities Trading Limited in 2005, MLT invests in a diversified portfolio of quality, well-located, income producing logistics real estate in Singapore, Hong Kong SAR, Japan, China, Australia, South Korea, Malaysia, Vietnam and India.
The Manager, Mapletree Logistics Trust Management Ltd., is committed to providing Unitholders with competitive total returns through the following strategies:
optimising organic growth and hence, property yield from the existing portfolio;...
