Mapletree Logistics Trust income contracts 3.3% on currency impact

Distributable income declines after divestment gains end

Mapletree Logistics Trust reported net property income (NPI) of $152.0m for the third quarter (Q3) ended 31 December 2025, marking a year-on-year (YoY) decline of 3.3% alongside a distribution per unit (DPU) of 1.816 cents, the manager said in a filing.

The manager attributed the lower NPI primarily to the depreciation of regional currencies against the Singapore dollar, as well as the absence of income from divested properties and a reduced contribution from China, according to the results statement.

Gross revenue fell 3.1% from a year earlier to $176.8m, whilst borrowing costs declined 4.3% to $38.2m following refinancing efforts and loan repayments using divestment proceeds, the filing showed.

The trust will pay a distribution of 1.816 cents per unit on 18 March 2026, with unitholders on record as at 3 February 2026 entitled to the payout, according to the filing.