* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Mapletree Logistics Trust Achieves DPU Uptick After Expanding Portfolio

October 26, 2023
in Technology
Mapletree Logistics Trust Achieves DPU Uptick After Expanding Portfolio
Share on FacebookShare on Twitter

Mapletree Logistics Hub Tsing Yi in Hong Kong

Mapletree Logistics Hub Tsing Yi in Hong Kong

Mapletree Logistics Trust (MLT) increased distributions per unit (DPU) in the third quarter compared to year-earlier levels as the Singapore-listed REIT overcame currency fluctuations and higher interest rates after expanding its portfolio through an acquisition from CBRE Investment Management earlier this year.

DPU for the trust rose S$0.023 cents for the three months from July to September, up 0.9 percent from the same period last year, the trust manager revealed in a press release. Distributable income was up 4.2 percent to S$112.5million ($82 million) in the same time frame.

The improved performance for the trust managed by Temasek Holdings-backed Mapletree Investment came despite a 10.2 percent rise in borrowing costs due to elevated interest rates and currency depreciation which dented income from its properties in Japan and mainland China. MLT attributed their increase in DPU to higher contributions from non-Chinese properties, especially those in Singapore and Australia.

“At the operational level, our diversified portfolio continues to be resilient with high occupancy and strong tenant retention. However, higher borrowing costs and weaker regional currencies continue to impact our financial performance,” said Ng Kiat, executive director of MLT.

Mapletree Logistics Trust’s uptick in distributions comes as other SGX-listed REITs, have seeen earnings slip, with Keppel DC REIT reporting a 6.5 percent year-on-year drop in DPU in the third quarter. Suntec REIT saw DPU decline 14 percent from the previous year.

Expanded Portfolio

The trust’s portfolio was 96.9 percent occupied as of 23 September, which helped to generate a 1.2 percent increase in net property income for the quarter. The REIT’s properties cover a total of 8.1 million square metres (87 million square feet), with the portfolio dominated by holdings in Japan and China, with income from those assets dented by currency slides against the Singapore dollar.

Ng Kiat Mapletree (1)

Kiat Ng, CEO of Mapletree Logistics Trust’s manager

In the July to September period, the trust witnessed a rise in gross revenue of 1.5 percent to S$187 million contributing to 1.2 percent growth in net property income to S$162 million.

Quarterly earnings climbed after the trust spent S$904 million acquiring a 329,028 square metre portfolio of warehouses in South Korea, Australia, and Japan from CBRE Investment Management via a set of transactions which closed during the second quarter.

Excluding properties in China, the trust’s manager was able to increase rents by an average of 9.1 percent on new leases signed during the period with Hong Kong-based properties achieving 16.5 percent increases on average. Including China, weighted average rental reversions for during the quarter increased at a rate of 0.2 percent.

The manager also achieved S$8.8 million in distributable income from the trust through divestment of properties during the quarter.

Among the assets Mapletree Logistics Trust sold in the third quarter was the Moriya Centre warehouse in Japan. Located an hour’s drive north of Tokyo in Ibaraki prefecture, the asset spans 42,450 square metres of gross floor area, with an undisclosed buyer completing a purchase of the property on 26 September at S$92.2 million, which was a 12 percent premium compared to the warehouse’s valuation of S$82.2 million.

MLT also completed its sale of a warehouse at 8 Loyang Crescent in Singapore during the period. An unnamed third party paid S$27.8 million – a 17.3 percent from the property’s valuation – to purchase the shed near Changi Airport in a deal which closed on 8 September.

China Concerns

MLT’s bets on the China logistics proved expensive during the third quarter with the trust’s management signing new leases for its 43 mainland properties at an average 8.6 percent below previous rates.

In a call with analyst, James Sung, head of asset management at MLT, said that northern, western and central China have an excess supply of logistics and industrial space, while sounding optimistic about a future recovery.

“The operational situation in China itself, we expect to recover hopefully in four quarters around there, or earlier if the government has stimulated the economy with a booster,” he said.

Sung’s cautious outlook contrasts with earlier statements by Lee Ark Boon, Mapletree’s chief executive officer for logistics development in China. Commenting in a May statement Lee said,

“As the business environment improves, China is well placed to be the world’s top growth economy in the near to medium term with its GDP growth target of over 5 percent this year.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/logistics/mapletree-logistics-trust-achieves-uptick-in-dpu-after-expansion/

Tags: LogisticsMapletreetechnology
Previous Post

Sean O’Malley thinks the UFC should sign Dillon Danis

Next Post

Bain Capital, DNE Group Form $250M China Industrial JV

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
Why a science-based climate policy helps business leaders – The World Economic Forum

Unlocking Success: How Science-Based Climate Policies Empower Business Leaders

June 2, 2025
Exercise boosts survival rates in colon cancer patients, study shows – The Lufkin Daily News

How Exercise Can Significantly Improve Survival Rates for Colon Cancer Patients

June 2, 2025
2025 Team USA U20 Wrestling World Team Set – FloWrestling

Meet the Future Stars: Team USA’s U20 Wrestling World Team for 2025 Unveiled!

June 2, 2025
Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

June 2, 2025
The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

June 2, 2025
Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

June 2, 2025
ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

June 2, 2025
Statewide Hawaii high school surfing closer with passage of funding bill – Spectrum News

Surf’s Up: Hawaii High School Surfing Program Secures Funding Boost!

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (658)
  • Economy (672)
  • Entertainment (21,579)
  • General (15,255)
  • Health (9,715)
  • Lifestyle (675)
  • News (22,149)
  • People (674)
  • Politics (681)
  • Science (15,893)
  • Sports (21,177)
  • Technology (15,660)
  • World (660)

Recent News

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version