Home Money Mapletree Logistics Trust (MAPGF) Q4 2024 Earnings Call Transcript

Mapletree Logistics Trust (MAPGF) Q4 2024 Earnings Call Transcript

0
Mapletree Logistics Trust (MAPGF) Q4 2024 Earnings Call Transcript

[ad_1]

Mapletree Logistics Trust (OTCPK:MAPGF) Q4 2024 Earnings Conference Call April 29, 2024 6:00 AM ET

Company Participants

Sharifah Aljunied – Investor Relations Manager
Charmaine Lum – Chief Financial Officer
Kiat Ng – Executive Director and Chief Executive Officer
James Sung – Head, Asset Management & Marketing
Jean Kam – Head, Investment

Conference Call Participants

Mervin Song – JPMorgan
Derek Tan – DBS
Wong Yiew Kiang – KLSA
Jonathan Koh – UOB Kayhian
Brandon Lee – Citigroup

Sharifah Aljunied

Hi. Good afternoon. Welcome to MLP’s Results Presentation for the Fourth Quarter and Full Year Ended March 2024. We have the full management team with – here with us today. We’ll start off the presentation with the Charmaine, our CFO. She will go through the key highlights.

Charmaine Lum

Hi, everyone. Thanks for dialing in. I’ll first run through the highlights for 4Q FY ‘23-’24. So for the 4Q, our gross revenue increased 1.2% year-on-year to end at S$181 million. NPI is higher by 0.6% year-on-year at S$155.3 million. However DPU is 2.5% lower at S$2.211 versus the S$2.268 we announced last year.

In terms of our portfolio, our portfolio remains resilient. Portfolio occupancy remains stable at 96%. Average rental reversion is a positive 4.9%, including China. Excluding China, we are looking at a positive 7.1%. WALE remains at about three years. Full – capital management-wise, our leverage pretty sure is at 38.9%. That’s about 84% of our total debt have been hedged into fixed rate with an average debt maturity of 3.8 years, about 78% of our income for the next 12 years have been hedged into Sing dollars.

So we continue to be active in our rejuvenation of the portfolio. We started 4Q with 187 properties. We completed the divestment of 73 Tuas South in Singapore and completed acquisition, completed the divestment of

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here