Mapletree Logistics Trust : 1Q FY23/24 Financial Results – Press Release - Marketscreener.com

Mapletree Logistics Trust has announced stable distribution per unit (DPU) for the first quarter of the financial year 2023/2024. Despite a decline in gross revenue and net property income by 2.9% and 3.1% respectively, the use of foreign currency forward contracts helped mitigate the impact of weakening currencies. The amount distributable to unitholders increased by 3.1% to S$112.0 million. MLT also completed the acquisition of eight properties, bringing the total number of assets in its portfolio to 193. With a high portfolio occupancy rate of 97.1%, MLT aims to maintain stability and rejuvenate its portfolio.

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