Mapletree Logistics Trust Plummets 2.48%; MLT's Available DPU Declines 12% in Fiscal Q1
MT Newswires
Jul 24
Mapletree Logistics Trust's (SGX:M44U) available distribution per unit declined by over 12% in fiscal Q1 to SG$1.8 million from SG$2.1 million a year earlier, according to a filing with the Singapore Exchange late Wednesday.
Shares of the trust were down over 2% in recent trading.
Amount distributable to unitholders dropped 11% to SG$92.0 million from SG$103.7 million a year earlier.
Net property income declined 2.1% to SG$153.4 million from SG$156.7 million in the year-ago period.
Gross revenue dropped 2.4% to SG$177.4 million from SG$181.7 million, due to loss of contribution from divested properties.
The trust's occupancy stood at 95.7% as of June 30.
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