Mapletree Logistics Q2 FY26/27 slides: stable DPU, leverage drops

Mapletree Logistics Trust reported stable financial results for Q2 FY26/27, with distribution per unit remaining flat. The Singapore-based logistics REIT maintained its diversified portfolio of 172 properties across nine markets and S$13.1 billion in assets under management. Gross revenue grew 1.4% year-over-year to S$180.0 million, driven by acquisitions, organic growth, and currency appreciation.

Net property income increased 1.0% to S$154.8 million. Despite higher property expenses, the trust's distribution per unit held steady at 1.816 cents. The trust's capital structure improved, with aggregate leverage declining to 37.5% from 40.5% in the prior quarter. The trust maintained stable demand across its geographically diversified portfolio, with occupancy remaining strong in most markets.