Basic Profile & Key Statistics
Main Sector(s): LogisticsCountry(s) with Assets: Singapore, China, Hong Kong, Japan, Australia, South Korea, Malaysia, Vietnam & India
No. of Properties (exclude development/associate/fund): 191
Performance Highlight
Gross revenue and NPI declined slightly YoY mainly due to the depreciation of RMB, JPY, KRW and AUD against SGD. However, distribution to unitholders improved slightly mainly due to a combination of hedging at the distribution level, higher management fees received in units and lower tax expenses.
Rental Reversion
Rent reversion for the latest quarter is at +3.1%.
Acquisition
MLT announced the proposed acquisition of 8 properties in Japan, Australia and South Korea, together there is also a potential acquisition of 2 properties in China and a potential divestment of a property in Hong Kong. As of today, the acquisition of 6 properties in Japan is completed.
Divestment
MLT divested 3 Changi South Lan on 31 Mar 2023. The divestment of Chee Wah and Subang
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