On 29 April 2024, Mapletree Logistics Trust (“MLT”) have announced their full year result for 2024. There were no significant changes to the fundamentals of MLT and noted in the overall presentation that management have used divestment gains to ensure DPU remained relatively constant despite the increase in borrowing costs. Management have indicated in their presentation of their plans to divest a few more assets over the next few quarters. Investors should assess their risk appetite to this.
Worth noting that on 15 May 2024, the share price dropped significantly by 3.68% to SGD1.31 per share. As of the time of this writing, there are no announcements from the company for the decrease. However, MLT have been removed from the MSCI Global Standard Indexes which will take place as of the close of 31 May 2024. This could be the cause of the share price decline.
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