Singapore · Delayed Price · Currency is SGD Mapletree Logistics Trust Earnings Call Transcripts
Fiscal Year 2026
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Gross revenue and NPI declined year-over-year due to divestments and FX, but adjusted DPU from operations rose. Portfolio occupancy improved to 96.9% with positive rental reversions, and new acquisitions and AEIs are expected to offset higher interest costs. China remains a risk, but other markets show resilience.
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Gross revenue and NPI declined year-over-year due to FX and divestments, but occupancy improved to 96.1% and developed markets remain resilient. China operations are stabilizing, with narrowing negative rent reversions and divestments progressing, while cost of debt is guided to remain stable at 2.7%.
Fiscal Year 2025
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DPU declined 11.6% year-over-year due to lower China contributions, higher borrowing costs, and FX headwinds, while portfolio occupancy and rental reversions remained stable. Divestments and ESG initiatives progressed, with management guiding for continued caution amid trade and currency volatility.
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Gross revenue and NPI declined year-over-year due to China’s weakness and FX headwinds, but portfolio occupancy remains high at 96%. Interest costs are expected to rise, though recent rate cuts may moderate increases. Divestments and acquisitions continue, with strong ESG progress.