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

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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