Q4 2019 Mapletree Logistics Trust Earnings Call Transcript

Apr 26, 2019 / 09:30AM GMT
Unidentified Company Representative -

Coming on a Friday night. There will be -- we can finish it quickly. Sorry for being slightly late. Okay. So shall we start?

Ming Rean Lim - Mapletree Logistics Trust - CFO of Mapletree Logistics Trust Management Ltd.

Yes. I will run through with you the key highlights for the results, the 4Q results and also our year-end results. So on Page 3, if I may direct you, the key highlights.

4Q FY '18/'19

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attributable to unitholders $73.3 million, 23.8% year-on-year increase. Correspondingly, we did 2 placements. Our unitholder -- unit holding base also increased about 18.4%. That's why that translate DPU increase of 4.5% year-on-year or $0.02024 for the 4Q FY '18/'19.

And in terms of gross revenue grew 13% to $121.4 million and NPI grew about 15% to $105 million. Performance largely driven by the 2 completed redevelopments in Singapore: The 76 Pioneer and China, the Ouluo Phase I and accretive acquisition, partly offset by the divestments, lots of contribution from the

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