A stellar track record
MLT is a REIT with an impressive DPU track record. Backed by a strong sponsor in Mapletree Investments Pte Ltd, the logistics REIT saw its DPU rise every single year without fail from fiscal 2016 (FY2016) to FY2023. During this period, DPU went from S$0.0744 to S$0.09011. It wasn’t until FY2024 that higher finance costs started to bite. MLT’s DPU dipped to S$0.09003 in FY2024, a slight year-on-year drop from the...It’s no secret that the combination of higher interest rates and soaring inflation has dealt a big blow to the REIT sector.
Many Singapore REITs saw their operating and finance expenses surge, causing their distributable income to fall and their distributions to decline.
Mapletree Logistics Trust (SGX: M44U), or MLT, is no exception.
The industrial REIT saw its distribution per unit (DPU) get badly hit in its latest quarter.
Can MLT turn the situation around the start posting higher DPU? Let’s find out.
