Mapletree Logistics Trust's DPU declines 2.5% YoY in 4Q23/24 despite higher NPI

NPI for the period was 0.6% YoY higher.

Mapletree Logistics Trust (MLT) reported a 2.5% YoY lower available distribution per unit (DPU) of $0.02211 in 4QFY23/24 despite higher net property income (NPI) and amount distributable to unitholders.

The REIT, however, underscored that the lower DPU was due to an enlarged unit base.

In 4QFY23/24, NPI was $155.3m, up 0.6% YoY, whilst the amount distributable to unitholders rose 1.1% YoY to $110.4m.

MLT attributed the growth in its NPI to higher contributions from existing properties and contributions from the acquisitions completed during the year.

The weaker performance in China and the absence of revenue from divested properties partially offset its NPI growth.

The depreciation of various currencies against the Singapore Dollar, primarily the Japanese Yen, Chinese Yuan, Malaysian Ringgit and South Korean Won, also weighed on its NPI growth.

FEHT's NPI Climbs 6% to $25.1m on Strong Hotel Growth
The net property income (NPI) of Far East Hospitality Trust (FEHT) rose 6.0% YoY to $25.1m in 1Q24 on the back of higher gross revenue.

In a bourse filing, FEHT said its gross revenue increased 7.5% YoY to $27.1m, driven by the strong growth of its hotels and commercial premises segments.

In 1Q24, FEHT’s hotel segment posted an 8.4% YoY higher revenue of $20.0m. Meanwhile, the commercial premises segment recorded a 10.0% YoY jump in its revenue, to reach $4.4m.

On the other hand, the services residences segment recorded a 2.0% YoY dip in revenue, reaching $2.7m.

Follow the link for more news on

Mapletree Logistics Trust

Financial Statements

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia