Mapletree Logistics Trust stock trades at SGD 1.09 in Singapore
Published on 11/13/2026 at 03:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat Matters for Investors
- Mapletree Logistics Trust's second-quarter revenue and net property income increased year on year.
- Occupancy held at 96.4 percent while aggregate leverage declined to 37.5 percent.
- The Changi South redevelopment is a longer-term portfolio upgrade targeted for completion in 2029.
Mapletree Logistics Trust stock traded at SGD 1.09 on Lang & Schwarz? No. The unit traded at SGD 1.09 at 9:07 a.m. Singapore time on Friday, November 13, 2026, according to Business Today. The Singapore market opened under pressure after Wall Street losses, while the logistics real estate investment trust was quoted alongside other Singapore REITs.
Results Show Modest Operating Growth
Mapletree Logistics Trust reported second-quarter FY2026/27 gross revenue of SGD 180.0 million, up 1.4 percent year on year, while net property income rose 1.0 percent to SGD 154.8 million. Distributable income to unitholders increased 0.9 percent to SGD 93.3 million, and distribution per unit edged up 0.1 percent to 1.816 Singapore cents.
A Simply Wall St analysis published on November 5 and updated on November 12 highlighted the tension between steady rental income and softer earnings per unit. Higher funding costs, currency movements and weaker contributions from China remain relevant factors for income-focused investors.
Portfolio Recycling Remains Central
Occupancy stood at 96.4 percent in the second quarter, while aggregate leverage declined to 37.5 percent. Management is also recycling capital through asset sales and redevelopment, keeping portfolio quality and balance-sheet flexibility at the center of the investment case.
The most visible project is the redevelopment of two Changi South warehouses into a five-storey Grade A ramp-up facility. The project is expected to increase gross floor area by 34 percent, with completion targeted for the second quarter of 2029. Its long lead time makes execution and funding important considerations rather than an immediate earnings catalyst.
Business Model and Competitive Set
Mapletree Logistics Trust is a Singapore-listed REIT focused on income-producing logistics properties across Asia-Pacific. Its portfolio spans Singapore, Australia, China, Hong Kong, India, Japan, Malaysia, South Korea and Vietnam, according to the Yahoo Finance company profile.
Its closest listed peers include Mapletree Industrial Trust, CapitaLand Ascendas REIT and Frasers Logistics & Commercial Trust. Mapletree Logistics Trust is distinguished by its regional logistics focus, while those peers provide broader industrial or logistics property exposure across different market mixes.
Mapletree Logistics Trust at a Glance
- Company: Mapletree Logistics Trust
- ISIN: SG1S03926213
- Ticker: M44U
- Home exchange: Singapore Exchange
- Latest quoted price: SGD 1.09 at 9:07 a.m. Singapore time on Friday, November 13, 2026
- 52-week range: SGD 1.09 to SGD 1.37
- Market capitalization: SGD 5.704 billion
- Sector: Industrial REIT
Singapore equities opened lower after overnight losses on Wall Street; current market reports provide the broader regional context.
