Mapletree Logistics Trust's NPI falls 3.2% YoY in Q2

This was mainly due to foreign exchange impact from weaker regional currencies.

Mapletree Logistics Trust (MLT) reported its net property income fell by 3.3% year on year to $153.30m in the second quarter of financial year 2025/26.

Gross revenue over the same period also slipped by 3.2%, which the company attributed mainly to foreign exchange impact from weaker regional currencies relative to the Singapore dollar.

On a quarter-on-quarter basis, its NPI saw a modest decline of 0.1%; whilst its gross revenue was flat. The company said the loss incurred from five divested properties was offset largely by growth from SIngapore.

Distributable income rose by 0.5% quarter on quarter and distribution per unit (DPU) increased 0.2% to 1.815 cents.

MLT completed three divestments in Singapore, Malaysia, and South Korea during the quarter, with another in Australia post-period. The trust will pay a quarterly DPU of 1.815 cents on 16 December 2025, with a record date of 5 November.

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