Mapletree Logistics Trust

M44U: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 3.14	Kcs	Ckpnqztxpj

MLT’s Q2 Fiscal 2023 in Line; Currency and Interest Rate Headwinds Starting to Hit Its DPU

Xinfu Lee

Oct 26, 2022

Mapletree Logistics Trust, or MLT, delivered a decent second-quarter fiscal 2023 (ending March) operating performance with gross revenue and net property income growing strongly by 11.4% and 10.8% year-on-year, respectively, due to higher revenue contribution from its existing properties and accretive acquisitions. This was slightly moderated by the strengthening of the Singapore dollar against foreign currencies such as the Japanese yen and the South Korean won, and higher borrowing costs as a result of rising interest rates and incremental borrowings drawn down to fund its acquisitions.

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