Analysts have mostly lowered their target prices on Mapletree Logistics Trust (MLT) as the REIT's distributions per unit (DPUs) fell by 11.6% and 10.6% y-o-y to 1.955 cents and 8.053 cents respectively for the 4QFY2025 and FY2025 ended March 31.
The REIT's 4QFY2025 fell short of consensus' expectations while its FY2025 DPU were in line with estimates.
Net property income (NPI) for the final quarter slipped by 1.6% y-o-y to $152.8 million due to lower contributions from China, the absence of income from MLT's divested properties and weaker foreign exchange (forex). The lower NPI was partly mitigated by higher contributions from Singapore, Australia and Hong Kong.