Mapletree Logistics Hub Tsing Yi. (Photo: Mapletree Logistics Trust)

Mapletree Logistics Trust has reported a DPU of 1.887 Singapore cents for its 2Q FY17/18, and increase of 1.5% from the 1.86 cents achieved in the corresponding period of the previous financial year.

The REIT’s gross revenue for 2Q FY17/18 was SGD93.7 million, 2.3% higher than 2Q FY16/17, while net property income (NPI) saw a 2.5% increase to SGD78.7 million.

Accordingly the REIT’s amount distributable to unitholders rose 3.5% year-on-year to SGD48.2 million.

The REIT’s weighted average lease expiry (WALE) for the portfolio is approximately 3.8 years, with around 49% of the leases having expiry dates in FY20/21 and beyond.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.