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

Mapletree Logistics Trust (MLT) reported on 28 April that its distributable income for 4Q FY21/22 rose 16.7% year-on-year to SGD108.0 million.

Accordingly, the REIT’s DPU for the period rose 5.0% to 2.268 cents on an enlarged unit base following the equity fundraising in 3Q FY21/22.

Gross revenue for 4Q FY21/22 increased 16.5% year-on-year to SGD182.9 million.

Meanwhile, net property income rose 14.9% to SGD157.1 million.

The improved performance was mainly due to higher revenue from existing properties, contributions from accretive acquisitions completed in FY21/22 and FY20/21, and lower rental rebates granted to eligible tenants impacted by COVID-19, said the REIT.

Consequently, FY21/22 amount distributable to unitholders grew 17.3% year-on-year to SGD390.7 million, while DPU rose 5.5% to 8.787 cents respectively.

MLT was last done on the Singapore Exchange at SGD1.78, which presently implies a distribution yield of 4.85% according to data on the Singapore REITs table.