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Mapletree Logistics Trust Slumps Amid China Challenges

Por: MarketWatch Business January 25, 2024

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Mapletree Logistics said late Wednesday that gross revenue in the latest quarter rose 2.1% to S$184.0 million (US$137.3 million) from a year earlier, while net property income increased 1.5% to S$159.5 million. It also flagged weakness in China, saying a challenging leasing environment will likely persist in the next few quarters. About 19% of the REIT's assets under management at the end of 2023 were in China, company data showed. Still,... + full article



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