On 24th October 2023, Mapletree Logistics Trust released their 2QFY23/24 Financial Results. Currently, Mapletree Logistics Trust makes up 3.60% of
my stock portfolio. I have been wanting to increase my stake in Mapletree Logistics Trust but hesitated because of weakening economy in the logistics space. How is Mapletree Logistics Trust performing under the rising geopolitical uncertainty and tight financial conditions? Let us take a look in details below.
Mapletree Logistics Trust 2QFY23/24 Financial Results
Gross revenue rose 1.5% y-o-y to S$186.7 million. The increase was attributed to higher contribution from existing properties (Singapore, Hong Kong SAR) and contribution from acquisitions. The revenue gain was partly offset by lower contribution from China, loss of revenue from divested properties and properties under redevelopment and depreciation of CNY, JPY, HKD, AUD against SGD. As you can see from the table below,
property expenses increased mainly due to enlarged portfolio and increase in...