May 02, 2023 / 06:30AM GMT
Operator
Good afternoon. Welcome to MLT's results briefing for the Fourth Quarter and 12 months ended March 2023. Before we start some housekeeping rules, those who are dialing in by Webex, please put yourself on mute.
Okay. Now I'd like to hand over the session to our CFO, Charmaine Lum.
Sheh Min Lum - Mapletree Logistics Trust - CFO
Afternoon to everyone. Thank you for taking the time to attend MLT's 4Q FY '22-'23 as well as full year results. I'll first bring you through the key highlights for 4Q Year-on-year, gross revenue is down 2.2% at $178.9 million. NPI is down 1.8% year-on-year. The drop mainly due to FX, where the regional currencies have depreciated against Sing dollars. For this quarter, we are declaring a DPU of $2.268 that's the same as 4Q last year. Our portfolio remains resilient, with a portfolio occupancy of about 97%. WALE is at 3.1 years. For this quarter, we also recorded an average rental reversion of a positive 3.1%. Portfolio revaluation gain for this financial year is about SGD 224 million.
On the capital management front,
Full Year 2023 Mapletree Logistics Trust Earnings Call Transcript
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