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 operational DPU rose slightly. Portfolio occupancy improved to 96.9% with positive rental reversions, and new acquisitions and AEI completions are expected to offset higher interest costs. Sustainability targets were exceeded and divestments remain a key focus.
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Gross revenue and NPI declined year-on-year due to FX and divestments, but occupancy improved to 96.1% with resilient performance in developed markets. China’s rent reversions are stabilizing, and divestment activity is expected to accelerate as interest rates ease.
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, but portfolio occupancy and rental reversions improved. Management expects continued pressure from borrowing costs and FX volatility, with a focus on portfolio rejuvenation and prudent capital management.
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Gross revenue and NPI declined year-over-year, with DPU down 10.6%. China continues to weigh on performance with double-digit negative rental reversions, but 90% of leases are now marked to market. Portfolio occupancy remains high, and proactive capital management has stabilized interest costs.