Mapletree Logistics Trust (MLT) has registered gross revenue of SGD128.1 million, and net property income (NPI) of SGD114.7 million for 4Q FY19/20.

These represent year-on-year increases of 5.5% and 9.3% respectively.

The REIT has attributed these improvements to higher revenue from existing properties and contributions from its recent acquisitions.

Amount distributable to unitholders increased by SGD4.5 million or 6.2% year-on-year to SGD77.8 million for 4Q FY19/20.

Meanwhile, DPU rose 1.2% to 2.048 cents on an enlarged issued unit base.

Accordingly, full year FY19/20 DPU was 8.142 cents, representing a 2.5% increase from the prior year.

Consequently, net asset value per unit of MLT rose 3.4% to SGD1.21 from SGD1.17 a year ago.

Portfolio occupancy improved from 97.7% last quarter to 98.0% due to higher occupancies in Hong Kong and China.

Accordingly, total debt outstanding as at 31 March 2020 was SGD3,550 million, translating to a gearing ratio of 39.3% .

The weighted average borrowing cost for 4Q FY19/20 was stable at 2.5% per annum.

Data from the REIT’s latest results have been updated into the Singapore REITs table.