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): 186
Key Indicators
Performance Highlight
Gross revenue, NPI, distributable income and DPU increased yoy mainly due to contribution from properties acquired in 1Q FY22/23 and FY21/22.
Rental Reversion
Rent reversion for the latest quarter is at +2.9%.
Divestment
MLT announced the proposed divestment of 3 Changi South Lane and 2 properties in Malaysia in Dec 2022 and Jan 2023 respectively. Divestment for 3 Changi South Lane is expected to be completed by 4Q FY22/23 (which is between Jan - Mar 2023) while the Malaysia properties are expected to be completed by 1H FY23/24.
Development
The redevelopment of 51 Benoi Road is targeted to be completed by 1Q 2025 which would increase the GFA by 2.3 times.
Sensitivity to Interest Rate
For every 0.25% increase in interest rate, DPU would be impacted by 0.01 cent per quarter, around 0.45%.
