Mapletree Logistics Trust's Natural Cool Lifestyle Hub. (Photo: REITsWeek)

Mapletree Logistics Trust has reported a distribution per unit of 1.907 Singapore cents for its 3Q FY17/18, an increase of 2% over the 1.87 cents achieved in the corresponding period of the previous financial year.

The REIT's gross revenue for the period increased by 2.8% year-on-year to SGD96.22 million (USD72.9 million), while net property income (NPI) grew by 3.9% to SGD83.0 million.

Correspondingly, the REIT's amount distributable to unitholders for the quarter rose 24.5% year-on-year to SGD58.3 million.

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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.