Mapletree Log Tr - 4th quarter results is out.
I think is not bad!
DPU is slightly up 0.9 percent to 1.819 excluding divestment gains.
XD 8th May 2026.
Gross revenue is down 1.7 percent to 176.5m.
Borrowing costs is down 3 percent to 37.5m vs 38.7m.
NPI is down 0.9% to 151.4m vs 152.8m.
Property Expense is down 6.3% to 25.1m vs 26.8m.
Occupancy rate improved from 96.4% to 96.9%.
Gearing 40.6%.
On a year-on-year “y-o-y”“y-o-y” basis, gross revenue and net property income “NPI”“NPI” for 4Q FY25/26 were 1.7% and 0.9% lower respectively, primarily driven by absence of contributions from divested properties and weaker regional currencies.
Excluding the impact of divestments and currency volatility, MLT would have registered growth in revenue and NPI of S$3.6 million and $4.1 million respectively, attributable to higher contributions from the existing portfolio and contribution from the newly completed redevelopment project in Singapore.
At the distribution level, the effect of currency volatility was largely mitigated through hedging.
Borrowing costs were 3.0% lower y-o-y...