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On 22nd October 2024, Mapletree Logistics Trust announced its 2QFY24/25 Financial Results. As shared by the manager in the previous quarter, the trust’s strategy is to divest assets with older specifications and of limited redevelopment potential as part of their portfolio rejuvenation. Mapletree Logistics Trust had completed the divestments of 119 Neythal Road in Singapore and Flexhub in Malaysia. The divestment of another 3 properties (Linfox, Celestica Hub and Zentraline) in Malaysia are pending completion. How has Mapletree Logistics Trust perform as compared to the previous quarter? Let us take a detailed look below to see how its portfolio rejuvenation has worked out.
Mapletree Logistics Trust 2QFY24/25 Financial Results
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With the absence of revenue contribution from divested properties and currency weakness (mainly JPY, KRW and...
