The earnings call revealed several challenges, particularly in the China market, which significantly affected financial performance. However, there were stable operational metrics outside of China and proactive capital management measures. The company is also making progress in ESG initiatives. Despite these efforts, the financial and market challenges, particularly in China, seem to outweigh the positive aspects.
Company Guidance
During the Q2 2025 earnings call for M44U.SI, several financial metrics were discussed. The gross revenue was reported as SGD 183.3 million, a 1.8% decrease year-on-year, while the net property income (NPI) was down 2.1% at SGD 158.6 million. The distribution per unit (DPU) fell by 10.6% to SGD 0.02027. Portfolio occupancy remained stable at 96%, with an average rental reversion of negative 0.6%, although excluding the China portfolio, this was a positive 3.6%. The aggregate leverage increased to 40.2%, up from 39.6% in the previous quarter, mainly due to the strengthening of the JPY and lower fair value on financial derivatives. The debt hedged into fixed rate stood at 84%, and the average debt maturity was 3.6 years. The company also noted a proactive issuance of SGD 180 million of perks at 4.3% to redeem a similar amount at 5.2%. The management highlighted ongoing challenges in China with a negative rental reversion of 12.2% but maintained a positive outlook for other markets, citing stable financial performance and continued proactive capital management.
Stable Portfolio Occupancy
Portfolio occupancy remained stable at 96%, with a positive rental reversion of 3.6% excluding the China portfolio.
Proactive Capital Management
Issued SGD 180 million of perks at 4.3% to redeem SGD 180 million at 5.2%, resulting in interest savings.
ESG and Green Initiatives
Solar capacity increased to 44.8 MW, aiming for 45 MW by year-end. Green building certifications reached 45% of the portfolio.
Debt Management and Hedging
84% of debt hedged into fixed rate with an average debt maturity of 3.6 years. Interest rate stable at 2.7%.
---
Mapletree Logistics (MAPGF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MAPGF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 22, 2024
$1.05
$1.08
+2.86%
Jul 24, 2024
$0.92
$1.03
+11.96%
Apr 29, 2024
$0.97
$0.97
0.00%
Jan 24, 2024
$1.18
$1.07
-9.32%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Mapletree Logistics Trust (MAPGF) report earnings?
Mapletree Logistics Trust (MAPGF) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Mapletree Logistics Trust (MAPGF) earnings time?
Mapletree Logistics Trust (MAPGF) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.