Thursday, July 28, 2011

Mapletree Logistics Trust

Mapletree Logistics Trust share price has been hovering around $0.935 cents. Gross revenue and net property income for the quarter rose quite a fair bit (26% year-on-year). The robust performance was largely attributed to Mapletree Logistics Trust enlarge portfolio size as well as strong organic growth of around 5%. This was backed by rental renewals and high occupation. DPU rose by 7% to 1.6 cents.

In Jun 2011, Moody also upgraded Mapletree Logistics Trust corporate rating to a Baa1 from Baa2. This in recognition of MLT's stable and dependable earnings.

Other news:
MLT's deputy CEO just resigned.
MLT is expanding its presence in China

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