(Stocks Discussion) Mapletree Logistics Trust (SGX: M44U)?

Discuss anything about share price, dividends, yield, ratios, fundamentals, and if you would buy or sell this stock on the SGX Singapore stock market. Also, these questions just represent opinions, so before you invest, please do your own due diligence.

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Sudhan

05 Aug 2020

Here are some key financial numbers from the REIT’s fiscal first-quarter results (three months ended 30 June 2020):

Gross revenue: Up 10.5% YoY
Net property income: Up 12% YoY
Distribution per unit: Up 1% YoY to 2.045 Singapore cents
Gearing: 39.6%
Portfolio occupancy: 97.2%

Ng Kiat, chief executive officer of Mapletree Logistics Trust’s manager, commented:

“COVID-19 has accelerated several preexisting structural trends, such as e-commerce growth and supply chain diversification, benefitting the logistics market in Asia Pacific. Underpinned by these trends, the logistics sector has continued to demonstrate resilience. With a quality portfolio and strong regional network, MLT remains well-positioned to navigate the current challenges as well as capture opportunities in the market place.”

It’s nice to see a REIT with all key financial metrics improving on a year-on-year basis, amid the COVID-19 scare.

For investors who are looking for a resilient REIT that has exposure to the e-commerce sector, this could be it.

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