Mapletree Log Tr - 4th quarter results is out. Dpu is down 11.6 percent to 1.955 cents versus 2.211 cents last year, it looks like they are still not out of the wood.
Full Year dpu is down 10.8% to 8.053 cents. 4th quarter total Revenue was down 0.8% to 179.6m. Borrowing costs increased 4% to 38.69m. Distribution Income decreased 10.3% to 99m. Occupancy is stable at 96.2%. Gearing 40.7%.
75% of their loan is hedged against S$ in order to lessen the impact of foreign currency exchange risk. Outlook is not so rosy due to trade war tension. Pls dyodd....