Vehicle inspection firm Vicom has agreed to buy a six-storey warehouse from Mapletree Logistics Trust (MLT) for S$22.4 million. The property, located at 531 Bukit Batok Street 23, will in time replace Setsco's present premises at Teban Gardens Crescent, which has been zoned for re-development under the government’s plans for the Jurong Lake District, Vicom said on Tuesday. MLT acquired the Bukit...
Mapletree Logistics Trust
The manager of Mapletree Logistics Trust (MLT) has announced an available distribution per unit (DPU) of 1.957 cents for the 1Q19 ended June, up 3.7% from its 1Q18 DPU of 1.887 cents a year ago. Gross revenue for 1Q19 grew 10.1% on-year to $105.4 million from $95.8 million previously, maily due to higher contributions from existing properties and acquisitions in Hong Kong completed in...
Mapletree Logistics Trust (MLT) said on Thursday its distribution per unit for the fiscal third quarter rose 1.2 per cent, thanks to contributions from assets acquired last year and higher revenue from existing properties, Dow Jones Newswires reported. Unit holders will receive 1.72 Singapore cents per unit for the three months ended Dec 31, up from 1.70 cents in the corresponding period a year ago, the...
Mapletree Logistics Trust (MLT) saw a 1.2 per cent on-year increase in its distribution per unit (DPU) in the second quarter of its financial year. Its DPU for the three months ended 30 September 2012 came in at 1.71 cents, up from the 1.69 cents announced in the same period a year ago. Amount distributable to unitholders during this period rose by 1.2 per cent on-year to S$41.4 million. Gross revenue...
Mapletree Logistics Trust Management (MLTM) has appointed Ms Ng Kiat as its new chief executive officer (CEO) with immediate effect. She replaces Mr Richard Lai, who has resigned from MLTM due to personal reasons. Mr Lai will be on leave until his last day of service on August 25. Prior to the appointment, Ms Ng was the chief investment officer, Southeast Asia at Mapletree Investments Pte Ltd. She...
Mapletree Logistics Trust (MLT) has reported a 6.3 per cent on-year rise in its distribution per unit (DPU) for its fiscal first quarter, with its financial performance boosted by contributions from newly acquired assets in Japan, South Korea and Malaysia. Its DPU climbed to 1.70 cents per unit from April to June, up from 1.60 cents in the same period last year. Revenue rose higher to S$77.1 million, up...
Mapletree Logistics Trust (MLT) said its distribution per unit rose 9.7 per cent to 1.70 cents on-year for the January to March period. In a stock exchange filing, the trust said this was supported by earnings from the four properties acquired in the past 15 months and growth from its existing portfolio. Net property income for the quarter rose 12.3 per cent to S$61.4 million. Meanwhile, property...
Mapletree Logistics Trust (MLT) said it has acquired seven logistics facilities in Japan for JPY 17.5 billion or about S$292 million. In a statement, the Trust said the seven properties, with a total gross floor area of 124,300 square metres are located within the key logistics hubs across Japan in the Hokkaido, Greater Tokyo, Nagoya and Osaka regions. The acquisition is expected to generate a stabilised...
Mapletree Logistics Trust (MLT) has issued 9 billion yen 10-year fixed-rate notes to a long-term financial investor. The bonds were priced at a fixed interest rate of 2.71 per cent and were issued out of the trust's S$1 billion multi-currency medium-term note programme. The bonds mature in December 2021. MLT said the issuance in the current financial environment underscores its strong credit standing...
Mapletree Logistics Trust has reported a 6.7 per cent rise in distribution per unit (DPU) for its second quarter ended June to 1.6 Singapore cents. That is up from 1.5 Singapore cents in the same period last year. The company said that this is mostly due to acquisitions, positive rental reversions and higher occupancy rates of 98.9 per cent. Net property income for the second quarter was S$57 million, a...