On 19 January 2023, Mapletree Logistics Trust (“MLT”) have announced their 2023 third quarter result. Overall the results are decent for sure, with signs of improvement and indicators that the dividend may increase in 2023 as compared to 2022. Have analyzed the results below.
Website: Financial Statements And Related Announcement::Third Quarter 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; making yield accretive acquisitions of good quality logistics properties; and managing capital to maintain MLT’s strong...