EarningsQ2 2026 Earnings Report

Mapletree Logistics (MAPGF) Q2 2026 Earnings Report

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Previous Report: Q1 2026

Next Report: Q3 2026

MAPGF Q2 2026 EPS Results

Actual EPS$0.01

Consensus EPS$0.02

Beat/MissMissed by -<$0.01

One Year Ago EPS$0.01

MAPGF Q2 2026 Revenue Results

Actual Revenue$139.06M

Expected Revenue$138.58M

Beat/MissBeat by +$478.67K

YoY Revenue Growth-3.20%

Earnings Announcement Details

QuarterQ2 2026

Date10/28/2025

TimeBefore Open

Conference CallTuesday, October 28, 2025

MAPGF Upcoming Earnings

Mapletree Logistics's next earnings date is estimated for October 27, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MAPGF Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Oct 28, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted improvements in portfolio occupancy and a strong commitment to sustainability initiatives. However, these positives were overshadowed by declines in revenue, net property income, and distribution per unit, along with ongoing challenges in the China market. The overall sentiment is neutral, balancing between strategic achievements and financial setbacks.

Company Guidance

During the call, significant guidance was provided for Mapletree Logistics Trust's second quarter ended September 2025. Gross revenue decreased by 3.2% year-on-year to SGD 177 million, primarily due to currency depreciation and the absence of contributions from divested assets. The committed occupancy rate at Mapletree Joo Koon Logistics Hub was reported at 82%, contributing to a portfolio occupancy rate of 96.1%, up from 95.7% the previous year. The trust's net property income (NPI) fell by 3.3% year-on-year. Distribution per unit (DPU) saw a year-on-year decline of 10.5% to SGD 0.01815. However, on a quarter-on-quarter basis, the DPU from operations showed a slight positive growth of 0.2%. The portfolio's rental reversion was positive at 0.6%, with China's negative rental reversion narrowing. The weighted average lease expiry (WALE) remained stable at 2.7 years, and aggregate leverage slightly decreased to 41.1%. Borrowing costs decreased due to lower base rates, with approximately 84% of interest rates hedged into fixed rates. The trust's green initiatives include reaching solar capacity targets and securing SGD 300 million in new green financing, bringing the total to SGD 1.5 billion. The management remains cautious about market uncertainties due to global economic conditions and is focused on stabilizing operations while exploring capital recycling and acquisition opportunities, especially in emerging markets like India and Vietnam.

Improved Portfolio Occupancy

Portfolio occupancy increased from 95.7% to 96.1% year-over-year, with several markets such as Australia, Vietnam, India, and Hong Kong achieving 100% occupancy.

Commitment to Sustainability

Exceeded targets for solar generating capacity and green buildings, with solar capacity at 56.4 MW against a target of 55 MW and 69% of the portfolio by GFA certified as green buildings.

Stable Cost of Debt

Interest costs decreased marginally to 2.6%, with a stable interest cost target of 2.7%-2.8% for the next two quarters.

MAPGF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 27, 2026	2027 (Q2)	0.01 / -	0.013	―
Jul 28, 2026	2027 (Q1)	<0.01 / 0.01	0.011	7.14% (<+0.01)
Apr 30, 2026	2026 (Q4)	0.02 / <0.01	-0.005	266.67% (+0.01)
Jan 26, 2026	2026 (Q3)	0.01 / <0.01	0.012	-50.00% (>-0.01)
Oct 28, 2025	2026 (Q2)	0.02 / 0.01	0.012	13.33% (<+0.01)
Jul 23, 2025	2026 (Q1)	0.02 / 0.01	0.012	-12.50% (>-0.01)
Apr 23, 2025	2025 (Q4)	0.02 / >-0.01	0.009	-150.00% (-0.01)
Jan 21, 2025	2025 (Q3)	0.02 / 0.01	0.01	23.08% (<+0.01)
Oct 22, 2024	2025 (Q2)	0.02 / 0.01	0.017	-31.82% (>-0.01)
Jul 24, 2024	2025 (Q1)	0.02 / 0.01	0.014	-11.11% (>-0.01)

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