Mapletree Logistics Trust's NPI up 12% to $118.84m in Q1

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This was attributed to lower utilities cost and maintenance expenses. Mapletree Logistics Trust (MLT) saw its net property income (NPI) rise 12% YoY to $118.84m in Q2 from $106.13m in Q1 2019, the company announced. Gross revenue climbed 10.5% to $132.37m over the same period. NPI growth was mainly due to lower utilities cost, maintenance expenses and absence of expenses in relation to the properties divested last year, partly offset by expenses attributable to acquisitions. read more