Advertisement
Singapore markets open in 4 hours 45 minutes

  • Straits Times Index

    3,264.53
    -35.51 (-1.08%)
     

  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     

  • Dow

    39,056.39
    +172.13 (+0.44%)
     

  • Nasdaq

    16,302.76
    -29.80 (-0.18%)
     

  • Bitcoin USD

    62,031.35
    -1,096.71 (-1.74%)
     

  • CMC Crypto 200

    1,321.90
    +27.23 (+2.10%)
     

  • FTSE 100

    8,354.05
    +40.38 (+0.49%)
     

  • Gold

    2,317.00
    -7.20 (-0.31%)
     

  • Crude Oil

    79.21
    +0.83 (+1.06%)
     

  • 10-Yr Bond

    4.4920
    +0.0290 (+0.65%)
     

  • Nikkei

    38,202.37
    -632.73 (-1.63%)
     

  • Hang Seng

    18,313.86
    -165.51 (-0.90%)
     

  • FTSE Bursa Malaysia

    1,604.75
    -0.93 (-0.06%)
     

  • Jakarta Composite Index

    7,088.79
    -34.82 (-0.49%)
     

  • PSE Index

    6,659.18
    +40.60 (+0.61%)
     

Mapletree Logistics Trust’s net property income grows by 5.7% to $75.2m

Singapore Business Review

On back of organic growth from Hong Kong and Japan.

The property firm is entering a period of steady growth as its gross revenue grew by 5.3% to $89.6m.

According to a report by OCBC research, growth can be attributed mainly to organic growth from Hong Kong and Japan, along with contribution from acquisitions.

However, OCBC Research added that this was partly offset by lower revenue from Singapore.

“NPI rose 5.7% to S$75.2m, which translates into a NPI margin of 84.0% (+0.3 ppt YoY). This was MLT’s first positive YoY growth in its NPI margin since 4QFY13, following 12 consecutive quarters of margin pressure,” OCBC said.

ADVERTISEMENT

Meanwhile, DPU was flat at 1.85 cents.



More From Singapore Business Review