Mapletree Logistics Trust Q4 DPU falls 7%, eyes $300 million asset sales
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Mapletree Logistics Trust (MLT) reported a 7% decline in distribution per unit (DPU) to $0.01819 for Q4, impacted by divestments and currency fluctuations. For the full year, DPU fell 9.8% to $0.07262, with distributable amounts down 8.9% to $370.1 million. Despite these challenges, portfolio occupancy remained high at 96.9%. MLT plans to sell up to $300 million in assets, particularly in China, and has expanded its presence in India with a new warehouse acquisition. The firm anticipates ongoing pressure from rising borrowing costs and currency volatility.
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