On 1st May 2023, Mapletree Logistics Trust delivered their 4Q FY22/23 financial results. The quarter ended 31 March 2023 (“4Q FY22/23”) started with 186 properties and ended with 185 properties. As you can see below, Mapletree Logistics Trust has assets in many countries under their management. The assets are geographically diversified but it also means it is highly exposed to foreign exchange risks. Currently, Mapletree Logistics Trust makes up 3.71% of my stock portfolio. Without further ado, let us take a look at its latest quarter financial results and full year performance.

Mapletree Logistics Trust 4Q FY22/23 Financial Results

In 4Q FY22/23, gross revenue declined by 2.2%. This was due to the depreciation of RMB, JPY, KRW and AUD against SGD. Contributions from the acquisitions in China, South Korea, Vietnam and Malaysia completed in 1Q FY22/23 and 4Q FY21/22 helped to mitigate the decline. At the distribution level, the impact of weakening currencies is partially mitigated through the use of foreign currency...