StarLuck
2023-05-02

$MAPLETREE LOGISTICS TRUST(M44U.SI)$ MAPLETREE Logistics Trust (MLT) reported a 1.1 per cent increase in the fourth quarter of FY22/23 distributable income to S$109.2 million, from S$108 million in Q4 FY22/21.

But distribution per unit (DPU) for the quarter remained flat at S$0.2268, similar to the year prior.

Gross revenue for Q4 FY22/23 also fell 2.2 per cent to S$178.9 million from S$182.9 million in Q4 FY22/23. This was mainly driven by the depreciation of foreign currencies to the Singapore dollar, and was mitigated by contributions from acquisitions.

As a result, net property income for the quarter also fell 1.8 per cent to S$154.3 million, from S$157.1 million the year prior.

MLT’s FY22/23 DPU rose 2.5 per cent to S$0.09011 from S$0.08787 in FY21/22.

Distributable income in FY22/23 increased 10.8 per cent to S$432.9 million, from S$390.7 million in FY21/22

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