Data from Mapletree Logistics Trust’s latest disclosure have been updated into the Singapore REITs table.

Mapletree Logistics Trust (MLT) has reported distribution per unit (DPU) of 2.161 Singapore cents for the three months ended March 31, 2021, up 5.5% year-on-year.

The REIT’s distribution to unitholders for the quarter rose 18.9% year-on-year to SGD92.6 million.

Meanwhile, net property income for the quarter rose 19.1% to SGD136.7 million while gross revenue was up 22.6% to SGD157 million.

This brings MLT’s DPU for FY 20/21 to 8.326 Singapore cents on an enlarged unit base, up 2.3% year-on-year.

Amount distributable to unitholders for the full year rose 10.4% to SGD333.1 million.

The REIT has attributed the results mainly to income from new acquisitions.

“While there remains uncertainty over the pace of economic recovery, we believe our diversified and resilient portfolio will position us well to capitalise on favourable market trends and deliver value to unitholders over the long term”, said Ng Kiat CEO of the REIT’s manager.

The REIT's full disclosure on its results can be viewed here.

MLT was last done on the Singapore Exchange at SGD1.97, which implies a distribution yield of 4.23% according to data compiled on the Singapore REITs table.