Shares & Derivatives
Mapletree Industrial Trust’s 1Q FY24/25 Result Review
By REIT-TIREMENT  •  July 29, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue, NPI, distribution to unitholders, and DPU have improved slightly YoY due to revenue contributions from the Osaka Data Centre acquired in September 2023 and the absence of withheld distributions by the joint venture as in 1QFY23/24. Notably, while the amount available for distribution has increased significantly, the distribution to unitholders has only seen a slight improvement. The distribution to unitholders this quarter includes $13.4 million from divestment gains spread over four quarters, which is not specific in the available distribution amount. Hence, it appears that management has retained close to $4 million this quarter, including $3.35 million (one-fourth of $13.4 million) and $0.67 million (the difference between $97.925 million and $97.254 million). Rental Reversion The weighted average rental reversion is at 9.2%. Related Parties Shareholding The directors of the REIT manager hold a relatively high number of shares. Lease Profile The WALE is long, and 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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