Mapletree Logistics Trust
M44U: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 5.31 | Wnfjk | Hrhhvxnnl |
Mapletree Logistics Trust Earnings: Currency, Interest, and China Headwinds Affect Distributions
Mapletree Logistics Trust’s fiscal 2024 (ending March) results aligned with our expectations. The trust’s full-year distribution per unit was down 0.1% year on year as higher contributions from existing properties and acquired properties were offset by currency headwinds, weakness in its China-based operations, and a higher borrowing cost.