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Mapletree Logistics Trust Q3 FY22/23 Net Income Up 7.3% year-on-year to S$157.2 million

Jan 23, 2023 – Mapletree Logistic Trust posted a distributable income of S$107.1 million, 10.8% higher year-on-year, for the quarter that ended Dec 31, 2022.

Overall growth was impacted by the depreciation of foreign currencies, mainly the Japanese Yen, South Korean Won, Chinese Renminbi and Australian Dollar, against the Singapore Dollar, according to a statement by its manager.

Distribution per unit grew 1.9% to 2.227 Singapore cents on an enlarged unit base. DPU would have increased by 8.6% or 0.189 Singapore cents in the quarter on a like-for-like basis based on the Q3 FY21/22 exchange rates, it said.