MAPLETREE Logistics Trust (MLT) has declared a distribution per unit (DPU) of 2.045 Singapore cents for its first quarter ended June 30 June, up 1 per cent from 2.025 cents in the year-ago period. Read more at The Business Times.
In its outlook, MLT’s manager said that following the progressive easing of restrictions and as economies reopen, nearly all its tenants have resumed operations, except for a small number of mainly Singapore tenants representing 1.3 per cent of MLT’s revenue base.
Ng Kiat, CEO of the manager said: “Covid-19 has accelerated several pre-existing structural trends, such as e-commerce growth and supply chain diversification, benefitting the logistics market in the Asia-Pacific. Underpinned by these trends, the logistics sector has continued to demonstrate resilience.”
It said that it will continue to be vigilant on maintaining a strong balance sheet and prudent cash flow management.
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