HIGH interest costs and weak regional currencies weighed on Mapletree Logistics Trust’s : M44U 0% performance for Q4 ended Mar 31, with distributions per unit (DPU) falling 2.5 per cent to 2.211 cents.
Gross revenue for the quarter rose 1.2 per cent to S$181 million, while net property income (NPI) was up 0.6 per cent to S$155.3 million, the trust announced on Monday (Apr 29).
NPI was weighed down by a 4.5 per cent increase in property expenses to S$25.7 million.
