Acquisitions help MapletreeLog treble full year distributable income

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 

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