Mapletree Logistics Hub Tsing Yi, a property of Mapletree Logistics Trust in Hong Kong. (Photo: Mapletree Logistics Trust)

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

Mapletree Logistics Trust (MLT) disclosed on 19 July that its amount distributable to unitholders for 1Q FY21/22 rose 19.1% year-on-year to SGS92.7 million.

Correspondingly, the REIT’s distribution per unit (DPU) grew 5.7% to 2.161 cents on an enlarged unit base due to the equity fund raising completed in 3Q FY20/21.

Meanwhile, gross revenue for 1Q FY21/22 increased 23.7% year-on-year to SGD163.7 million.

This was driven by higher revenue from existing properties, contributions from accretive acquisitions completed in FY20/21 and the completed redevelopment of Mapletree Ouluo Logistics Park Phase 2 in 1Q FY20/21, said the REIT.

MLT’s latest disclosure on its business operations can be viewed here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.