Mapletree Logistics Trust Reports Q2 Revenue Growth Amid Rising Borrowing Costs
Mapletree Logistics Trust (MAPGF) reported its Q2 financial results, highlighting a gross revenue of S$180 million, representing a 1.4% increase year-over-year. The trust distributed 1.816 cents per unit during this period. Despite the slight revenue growth, the company faced headwinds from a higher interest rate environment, which led to a 1.0% year-over-year increase in borrowing costs. Additionally, distributions to perpetual securities holders rose by 33.6% (S$1.9 million) due to a temporary overlap between two separate perpetual security issuances.
Topics: dividend distribution earnings report interest rates revenue growth
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Part of the story Mapletree Industrial Trust Reports Q2 Revenue of S$167.02M (2 articles)