Q4 2020 Mapletree Logistics Trust Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Mapletree Logistics Trust Fourth Quarter and Full Year FY '19/'20 Financial Results. (Operator Instructions) Please be advised that today's call is being recorded.
I'd now like to hand the conference over to your first speaker today, CFO, Ms. Charmaine Lum. Thank you. Please go ahead.
Good morning, everyone. I'll take you through the results for the fourth quarter FY '19/'20 as well as the full year FY '19/'20.
For 4Q FY '19/'20, our DI for the quarter increased by 6.2% year-on-year to $77.8 million. We are pleased to report a DPU of $0.02048. That's a year-on-year increase of 1.2% from last year's 4Q. The improved results are mainly driven by higher contribution from existing properties as well as accretive acquisitions in the year, partly offset by absence of contribution from the 6 properties divested during the year.
For the full year, DPU increased by 2.5% year-on-year to $0.08142. Our portfolio remains resilient.
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