Mapletree Logistics has reported a full year distributable income of more than S$40 million.
This translated to a distribution per unit of slightly over 5 cents, which was 11 percent higher than forecast.
MapletreeLog’s distribution per unit for the fourth quarter rose 38 percent on year to 1.45 cents as a result of property acquisitions.
At the end of December, MapletreeLog’s property portfolio of 41 properties was worth some S$1.4 billion.
In the previous quarter, it held 36 properties worth about S$1.2 billion.
Source: Channel NewsAsia, 16 January 2007