Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Gross revenue, NPI and amount distributable to unitholders remain similar YoY. However, it's worth noting that the slight increase in distributable income is attributed to the distribution of divestment gain amounting to S$12 million this year, compared to S$2.86 million last year. DPU on the other hand, declined YoY due to an enlarged unitholder base.
Rental Reversion
Rental reversion for 4Q FY23/24 is at 2.9%.
Acquisition
In February, MLT completed the acquisition of Farrukhnagar in Delhi. Additionally, MLT announced the proposed acquisition of one property in Malaysia and two properties in Vietnam during the same month.
Divestment
MLT divested 73 Tuas South Avenue 1 in February. Additionally, two properties in Malaysia are expected to complete divestment by 1H FY24/25.
Redevelopment
Construction work for the 51 Benoi Road redevelopment is expected to be completed by 1H 2025.
Related Parties Shareholding
The sponsor holds a relatively high proportion of shares, whereas the...