To The Moon

$Mapletree Log Tr(M44U.SI)$  

 On a year-on-year (“y-o-y”) basis, 2Q FY25/26 gross revenue and NPI were 3.2% and 3.3% lower,

mainly due to foreign exchange impact from weaker regional currencies relative to the Singapore

Dollar. On a constant currency basis, gross revenue and NPI would have registered lower declines

of 0.9% and 1.0% respectively, primarily due to loss of contribution from 13 divested properties,

partially offset by growth from the existing portfolio and contribution from a newly completed

redevelopment project in Singapore.

Borrowing costs declined 4.0% y-o-y driven by proactive refinancing efforts and paring down of debt

with proceeds from divestments. This helped cushion the absence of divestment gains, which

contributed S$6.1 million in 2Q FY24/25. Accordingly, the amount distributable to Unitholders

declined 9.6% y-o-y and DPU was 10.5% lower on an enlarged unit base. Excluding divestment

gains, adjusted DPU from operations registered a moderate decline of 4.8% y-o-y.

2Q FY25/26 Distribution per Unit (“DPU”) rose 0.2% quarter-on-quarter underpinned by

continued resilient operational performance

• Healthy portfolio operating metrics – 96.1% occupancy and 2.5% positive rental reversions

excluding China.

XD 4th November.

Pls dyodd.

 https://sporeshare.blogspot.com/2025/10/mapletree-log-tr-2q-fy2526-distribution.html