Shares & Derivatives
Mapletree Logistics Trust’s 4Q FY23/24 Result Review
By REIT-TIREMENT  •  May 12, 2024
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...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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