Mapletree Log Tr M44U

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Financials

Annual report

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Statements of Profit or Loss

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Statements of Profit or Loss from Annual report
Metric / unit	2026Group	2025Group	2026MLT	2025MLT	Source
Gross revenueS$’000	708,274	727,026	211,521	201,149	PDF p. 121
Property expensesS$’000	(98,118)	(101,733)	(31,759)	(30,197)	PDF p. 121
Net property incomeS$’000	610,156	625,293	179,762	170,952	PDF p. 121
Interest incomeS$’000	2,532	2,648	61,340	68,563	PDF p. 121
Dividend incomeS$’000	–	–	135,988	146,816	PDF p. 121
Manager’s management feesS$’000	(89,010)	(90,513)	(33,232)	(32,038)	PDF p. 121
Trustee’s feesS$’000	(1,775)	(1,821)	(1,775)	(1,821)	PDF p. 121
Other trust (expenses)/income, netS$’000	(3,994)	(10,909)	35,158	21,050	PDF p. 121
Borrowing costsS$’000	(153,306)	(156,893)	(97,254)	(96,855)	PDF p. 121
Net change in fair value of financial derivativesS$’000	(32,845)	(26,947)	(302)	(5,958)	PDF p. 121
Amortisation of fair value of financial guaranteesS$’000	–	–	632	142	PDF p. 121
Net movement in the value of investment propertiesS$’000	48,843	(67,612)	9,695	(32,274)	PDF p. 121
Gain on disposal of subsidiariesS$’000	45	515	–	–	PDF p. 121
Impairment loss on loans to subsidiariesS$’000	–	–	(57,291)	–	PDF p. 121
Profit before income taxS$’000	380,646	273,761	232,721	238,577	PDF p. 121
Income tax expenseS$’000	(101,806)	(64,865)	(1,498)	(4,304)	PDF p. 121
Profit for the yearS$’000	278,840	208,896	231,223	234,273	PDF p. 121
Profit attributable to:
Unitholders of MLTS$’000	254,468	183,540	208,582	210,042	PDF p. 121
Perpetual securities holdersS$’000	22,641	24,231	22,641	24,231	PDF p. 121
Non-controlling interestsS$’000	1,731	1,125	–	–	PDF p. 121
SubtotalS$’000	278,840	208,896	231,223	234,273	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

The statements are for the year ended 31 March 2026. The report presents columns for Group and MLT; EPS is printed for the Group only.

The accompanying notes form an integral part of these financial statements.

Earnings per unit (cents) — Group

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Earnings per unit (cents) — Group from Annual report
Metric / unit	2026Group	2025Group	Source
Earnings per unit (cents)
Basiccents per unit	4.99	3.65	PDF p. 121
Dilutedcents per unit	4.96	3.61	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Statements of Comprehensive Income

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Statements of Comprehensive Income from Annual report
Metric / unit	2026Group	2025Group	2026MLT	2025MLT	Source
Profit for the yearS$’000	278,840	208,896	231,223	234,273	PDF p. 122
Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Cash flow hedges
Fair value lossS$’000	(47,267)	(57,797)	–	–	PDF p. 122
Reclassification to profit or lossS$’000	(5,886)	(8,984)	–	–	PDF p. 122
Other comprehensive income: Items that may be reclassified subsequently to profit or loss
Net currency translation differences relating to financial statements of foreign subsidiariesS$’000	(146,557)	(47,835)	–	–	PDF p. 122
Net currency translation differences on monetary items that in substance form part of the net investment in foreign operationsS$’000	(30,588)	(29,744)	–	–	PDF p. 122
Fair value of derivatives1 and external borrowings as hedging instruments for net investment in foreign operationsS$’000	103,725	37,693	–	–	PDF p. 122
Realisation of net currency translation differences upon disposal of subsidiariesS$’000	(45)	(709)	–	–	PDF p. 122
Other comprehensive income
SubtotalS$’000	(126,618)	(107,376)	–	–	PDF p. 122
Total comprehensive income for the yearS$’000	152,222	101,520	231,223	234,273	PDF p. 122
Total comprehensive income attributable to:
Unitholders of MLTS$’000	130,592	75,872	208,582	210,042	PDF p. 122
Perpetual securities holdersS$’000	22,641	24,231	22,641	24,231	PDF p. 122
Non-controlling interestsS$’000	(1,011)	1,417	–	–	PDF p. 122
SubtotalS$’000	152,222	101,520	231,223	234,273	PDF p. 122

Definitions & sources

Original report: PDF p. 122 ↗

1 Forward foreign exchange component of cross currency interest rate swap.

The accompanying notes form an integral part of these financial statements.

Statements of Financial Position

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Statements of Financial Position from Annual report
Metric / unit	2026Group	2025Group	2026MLT	2025MLT	Source
ASSETS: Current assets
Cash and cash equivalentsS$’000	302,270	299,011	14,880	17,999	PDF p. 123
Trade and other receivablesS$’000	32,377	39,124	156,211	138,116	PDF p. 123
Other assetsS$’000	24,681	30,448	10,678	11,783	PDF p. 123
Investment properties held for saleS$’000	–	47,102	–	37,620	PDF p. 123
Derivative financial instrumentsS$’000	38,234	13,052	12,006	11,403	PDF p. 123
SubtotalS$’000	397,562	428,737	193,775	216,921	PDF p. 123
ASSETS: Non-current assets
Trade and other receivablesS$’000	2,702	2,136	–	–	PDF p. 123
Other assetsS$’000	9,446	8,638	–	–	PDF p. 123
Investment propertiesS$’000	13,076,163	13,244,883	2,720,800	2,638,222	PDF p. 123
Investment in subsidiariesS$’000	–	–	1,788,771	1,806,660	PDF p. 123
Loans to subsidiariesS$’000	–	–	3,857,321	3,990,089	PDF p. 123
Derivative financial instrumentsS$’000	208,724	208,473	20,959	19,529	PDF p. 123
SubtotalS$’000	13,297,035	13,464,130	8,387,851	8,454,500	PDF p. 123
ASSETS
Total assetsS$’000	13,694,597	13,892,867	8,581,626	8,671,421	PDF p. 123
LIABILITIES: Current liabilities
Trade and other payablesS$’000	264,413	323,671	129,381	167,890	PDF p. 123
BorrowingsS$’000	89,064	373,769	–	–	PDF p. 123
Lease liabilitiesS$’000	5,852	7,738	5,672	7,001	PDF p. 123
Liabilities of investment properties held for saleS$’000	–	6,947	–	6,724	PDF p. 123
Financial guaranteeS$’000	–	–	279	159	PDF p. 123
Current income tax liabilitiesS$’000	27,575	27,871	4,607	4,592	PDF p. 123
Derivative financial instrumentsS$’000	6,530	484	2,211	484	PDF p. 123
SubtotalS$’000	393,434	740,480	142,150	186,850	PDF p. 123
LIABILITIES: Non-current liabilities
Trade and other payablesS$’000	26	339	26	339	PDF p. 123
BorrowingsS$’000	5,400,216	5,208,086	3,390,005	3,342,108	PDF p. 123
Lease liabilitiesS$’000	75,580	80,057	66,551	70,644	PDF p. 123
Deferred taxationS$’000	664,976	602,586	–	–	PDF p. 123
Derivative financial instrumentsS$’000	83,445	14,745	686	79	PDF p. 123
SubtotalS$’000	6,224,243	5,905,813	3,457,268	3,413,170	PDF p. 123
LIABILITIES
Total liabilitiesS$’000	6,617,677	6,646,293	3,599,418	3,600,020	PDF p. 123
Net assetsS$’000	7,076,920	7,246,574	4,982,208	5,071,401	PDF p. 123
Represented by:
Unitholders’ fundsS$’000	6,471,641	6,638,824	4,399,809	4,489,002	PDF p. 123
Perpetual securities holdersS$’000	582,399	582,399	582,399	582,399	PDF p. 123
Non-controlling interestS$’000	22,880	25,351	–	–	PDF p. 123
SubtotalS$’000	7,076,920	7,246,574	4,982,208	5,071,401	PDF p. 123
Units in issue (’000)’000 units	5,110,907	5,066,733	5,110,907	5,066,733	PDF p. 123
Net asset value per unit* (S$)S$ per unit	1.26	1.31	0.86	0.89	PDF p. 123

Definitions & sources

Original report: PDF p. 123 ↗

* Net asset value attributable to Unitholders.

The accompanying notes form an integral part of these financial statements.

Consolidated Statement of Cash Flows — Year ended 31 March 2026

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Consolidated Statement of Cash Flows — Year ended 31 March 2026 from Annual report
Metric / unit	2026Group	2025Group	Source
Operating activities
Profit for the yearS$’000	278,840	208,896	PDF p. 126
Operating activities; adjustments for
Income tax expenseS$’000	101,806	64,865	PDF p. 126
(Reversal)/Loss allowances on trade receivables, netS$’000	(623)	437	PDF p. 126
Interest incomeS$’000	(2,532)	(2,648)	PDF p. 126
Interest expenseS$’000	142,670	146,280	PDF p. 126
Interest expense on lease liabilitiesS$’000	3,783	3,656	PDF p. 126
Amortisation of financing feesS$’000	6,853	5,328	PDF p. 126
Manager’s fees paid/payable in unitsS$’000	55,731	56,335	PDF p. 126
Unrealised translation (gain)/lossS$’000	(7,600)	1,461	PDF p. 126
Net movement in the value of investment propertiesS$’000	(48,843)	67,612	PDF p. 126
Gain on disposal of subsidiariesS$’000	(45)	(515)	PDF p. 126
Net change in fair value of financial derivativesS$’000	32,845	26,947	PDF p. 126
Operating activities
Operating income before working capital changesS$’000	562,885	578,654	PDF p. 126
Operating activities; changes in working capital
Trade and other receivablesS$’000	8,201	(6,528)	PDF p. 126
Trade and other payablesS$’000	(4,160)	(2,156)	PDF p. 126
Operating activities
Cash generated from operationsS$’000	566,926	569,970	PDF p. 126
Tax paidS$’000	(24,781)	(33,941)	PDF p. 126
Cash flows from operating activitiesS$’000	542,145	536,029	PDF p. 126
Investing activities
Interest receivedS$’000	2,377	2,763	PDF p. 126
Cash outflow on purchase of and additions to investment properties, including payment of deferred considerationsS$’000	(120,556)	(344,949)	PDF p. 126
Purchase of investment properties through acquisition of subsidiaries, net of cash acquiredS$’000	(30,640)	(65,573)	PDF p. 126
Proceeds from disposal of interests in a subsidiary, net of cash disposedS$’000	–	12,877	PDF p. 126
Proceeds from disposal of investment properties held for sale, net of divestment costS$’000	96,656	149,925	PDF p. 126
Deposits received for potential disposal of investment properties held for saleS$’000	–	1,265	PDF p. 126
Cash flows used in investing activitiesS$’000	(52,163)	(243,692)	PDF p. 126
Financing activities
Proceeds from issuance of perpetual securitiesS$’000	–	180,000	PDF p. 127
Payments of transaction costs related to the issue of perpetual securitiesS$’000	–	(1,676)	PDF p. 127
Redemption of perpetual securitiesS$’000	–	(180,000)	PDF p. 127
Contributions from non-controlling interestsS$’000	–	7,872	PDF p. 127
Proceeds from borrowingsS$’000	790,461	1,150,562	PDF p. 127
Repayment of borrowingsS$’000	(719,083)	(886,939)	PDF p. 127
Payments of lease liabilitiesS$’000	(11,451)	(12,974)	PDF p. 127
Distribution to Unitholders (net of distribution in units)S$’000	(376,135)	(377,117)	PDF p. 127
Payments of transaction costs related to distribution reinvestment planS$’000	–	(381)	PDF p. 127
Distribution to perpetual securities holdersS$’000	(22,641)	(23,568)	PDF p. 127
Distribution to non-controlling interestsS$’000	(1,460)	(1,984)	PDF p. 127
Interest paidS$’000	(141,656)	(146,877)	PDF p. 127
Change in restricted cashS$’000	(872)	6,345	PDF p. 127
Cash flows used in financing activitiesS$’000	(482,837)	(286,737)	PDF p. 127
Cash and cash equivalents
Net increase in cash and cash equivalentsS$’000	7,145	5,600	PDF p. 127
Cash and cash equivalents at beginning of the yearS$’000	298,221	295,055	PDF p. 127
Effect of exchange rate changes on balances held in foreign currenciesS$’000	(3,950)	(2,434)	PDF p. 127
Cash and cash equivalents at end of the yearS$’000	301,416	298,221	PDF p. 127

Definitions & sources

Original report: PDF p. 126 ↗ PDF p. 127 ↗

The accompanying notes form an integral part of these financial statements.

Statements of Movements in Unitholders’ Funds — Group — year ended 31 March 2026

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Statements of Movements in Unitholders’ Funds — Group — year ended 31 March 2026 from Annual report
Metric / unit	2026Group; Units in issue (S$’000)	2026Group; Foreign currency translation reserve (S$’000)	2026Group; Hedging reserve (S$’000)	2026Group; General reserve (S$’000)	2026Group; Retained earnings (S$’000)	2026Group; Attributable to Unitholders total (S$’000)	2026Group; Perpetual securities (S$’000)	2026Group; Non-controlling interests (S$’000)	2026Group; Total (S$’000)	Source
Opening balances
At 1 April 2025S$’000	4,865,918	(614,131)	17,352	2,683	2,367,002	6,638,824	582,399	25,351	7,246,574	PDF p. 128
Total comprehensive income for the year
Profit for the yearS$’000	–	–	–	–	254,468	254,468	22,641	1,731	278,840	PDF p. 128
Other comprehensive income; cash flow hedges
Cash flow hedges – Fair value lossS$’000	–	–	(47,267)	–	–	(47,267)	–	–	(47,267)	PDF p. 128
Cash flow hedges – Reclassification to profit or lossS$’000	–	–	(5,886)	–	–	(5,886)	–	–	(5,886)	PDF p. 128
Other comprehensive income
Net currency translation differences relating to financial statements of foreign subsidiariesS$’000	–	(143,815)	–	–	–	(143,815)	–	(2,742)	(146,557)	PDF p. 128
Net currency translation differences on monetary items that in substance form part of the net investment in the foreign operationsS$’000	–	(30,588)	–	–	–	(30,588)	–	–	(30,588)	PDF p. 128
Fair value of derivatives and external borrowings as hedging instruments for net investment in foreign operationsS$’000	–	103,725	–	–	–	103,725	–	–	103,725	PDF p. 128
Realisation of net currency translation differences upon disposal of a subsidiaryS$’000	–	(45)	–	–	–	(45)	–	–	(45)	PDF p. 128
Total other comprehensive incomeS$’000	–	(70,723)	(53,153)	–	–	(123,876)	–	(2,742)	(126,618)	PDF p. 128
Total comprehensive income for the year
Total comprehensive income for the yearS$’000	–	(70,723)	(53,153)	–	254,468	130,592	22,641	(1,011)	152,222	PDF p. 128
Transactions with equity holders; contributions and distributions
New units issued and to be issued arising from: Settlement of management feesS$’000	78,360	–	–	–	–	78,360	–	–	78,360	PDF p. 128
Distributions to unitholdersS$’000	(135,384)	–	–	–	(240,751)	(376,135)	–	–	(376,135)	PDF p. 128
Distribution to perpetual securities holdersS$’000	–	–	–	–	–	–	(22,641)	–	(22,641)	PDF p. 128
Distribution to non-controlling interests (including capital returns)S$’000	–	–	–	–	–	–	–	(1,460)	(1,460)	PDF p. 128
Transactions with equity holders
Total contribution by and distributions to equity holdersS$’000	(57,024)	–	–	–	(240,751)	(297,775)	(22,641)	(1,460)	(321,876)	PDF p. 128
Transfer to general reserveS$’000	–	–	–	112	(112)	–	–	–	–	PDF p. 128
Closing balances
At 31 March 2026S$’000	4,808,894	(684,854)	(35,801)	2,795	2,380,607	6,471,641	582,399	22,880	7,076,920	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

The accompanying notes form an integral part of these financial statements.

Statements of Movements in Unitholders’ Funds — Group — year ended 31 March 2025

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Statements of Movements in Unitholders’ Funds — Group — year ended 31 March 2025 from Annual report
Metric / unit	2025Group; Units in issue (S$’000)	2025Group; Foreign currency translation reserve (S$’000)	2025Group; Hedging reserve (S$’000)	2025Group; General reserve (S$’000)	2025Group; Retained earnings (S$’000)	2025Group; Attributable to Unitholders total (S$’000)	2025Group; Perpetual securities (S$’000)	2025Group; Non-controlling interests (S$’000)	2025Group; Total (S$’000)	Source
Opening balances
At 1 April 2024S$’000	4,944,178	(638,146)	149,035	2,518	2,427,256	6,884,841	581,545	18,046	7,484,432	PDF p. 129
Total comprehensive income for the year
Profit for the yearS$’000	–	–	–	–	183,540	183,540	24,231	1,125	208,896	PDF p. 129
Other comprehensive income; cash flow hedges
Cash flow hedges – Fair value lossS$’000	–	–	(57,797)	–	–	(57,797)	–	–	(57,797)	PDF p. 129
Cash flow hedges – Reclassification to profit or lossS$’000	–	–	(8,984)	–	–	(8,984)	–	–	(8,984)	PDF p. 129
Other comprehensive income
Net currency translation differences relating to financial statements of foreign subsidiariesS$’000	–	(48,127)	–	–	–	(48,127)	–	292	(47,835)	PDF p. 129
Net currency translation differences on monetary items that in substance form part of the net investment in the foreign operationsS$’000	–	(29,744)	–	–	–	(29,744)	–	–	(29,744)	PDF p. 129
Fair value of derivatives and external borrowings as hedging instruments for net investment in foreign operationsS$’000	–	37,693	–	–	–	37,693	–	–	37,693	PDF p. 129
Net currency translation differences on redesignated financial derivatives as net investment hedge of foreign operationsS$’000	–	64,902	(64,902)	–	–	–	–	–	–	PDF p. 129
Realisation of net currency translation differences upon disposal of a subsidiaryS$’000	–	(709)	–	–	–	(709)	–	–	(709)	PDF p. 129
Total other comprehensive incomeS$’000	–	24,015	(131,683)	–	–	(107,668)	–	292	(107,376)	PDF p. 129
Total comprehensive income for the year
Total comprehensive income for the yearS$’000	–	24,015	(131,683)	–	183,540	75,872	24,231	1,417	101,520	PDF p. 129
Transactions with equity holders; new units issued arising from
Distribution Reinvestment PlanS$’000	40,626	–	–	–	–	40,626	–	–	40,626	PDF p. 129
Settlement of management feesS$’000	56,335	–	–	–	–	56,335	–	–	56,335	PDF p. 129
Settlement of acquisition feesS$’000	1,141	–	–	–	–	1,141	–	–	1,141	PDF p. 129
Transactions with equity holders
Distributions to unitholdersS$’000	(175,981)	–	–	–	(241,762)	(417,743)	–	–	(417,743)	PDF p. 129
Issue of new perpetual securitiesS$’000	–	–	–	–	–	–	180,000	–	180,000	PDF p. 129
Redemption of perpetual securitiesS$’000	–	–	–	–	–	–	(180,000)	–	(180,000)	PDF p. 129
Distribution to perpetual securities holdersS$’000	–	–	–	–	–	–	(23,568)	–	(23,568)	PDF p. 129
Contribution from non-controlling interestsS$’000	–	–	–	–	–	–	–	7,872	7,872	PDF p. 129
Distribution to non-controlling interests (including capital returns)S$’000	–	–	–	–	–	–	–	(1,984)	(1,984)	PDF p. 129
Issue expensesS$’000	(381)	–	–	–	–	(381)	(1,676)	–	(2,057)	PDF p. 129
Total contribution by and distributions to equity holdersS$’000	(78,260)	–	–	–	(241,762)	(320,022)	(25,244)	5,888	(339,378)	PDF p. 129
Transfer to revenue reserveS$’000	–	–	–	–	(1,867)	(1,867)	1,867	–	–	PDF p. 129
Transfer to general reserveS$’000	–	–	–	165	(165)	–	–	–	–	PDF p. 129
Closing balances
At 31 March 2025S$’000	4,865,918	(614,131)	17,352	2,683	2,367,002	6,638,824	582,399	25,351	7,246,574	PDF p. 129

Definitions & sources

Original report: PDF p. 129 ↗

The accompanying notes form an integral part of these financial statements.

Distribution Statements

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Distribution Statements from Annual report
Metric / unit	2026Group	2025Group	2026MLT	2025MLT	Source
Distribution Statements
Distribution per unitcents	7.262	8.053	7.262	8.053	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

The statement covers the year ended 31 March 2026 and presents 2026 and 2025 comparative amounts for Group and MLT. No missing value has been inferred.

Distribution Statements

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Distribution Statements from Annual report
Metric / unit	2026Group	2025Group	2026MLT	2025MLT	Source
Profit for the year attributable to UnitholdersS$’000	254,468	183,540	208,582	210,042	PDF p. 124
Adjustment for net effect of non-tax (chargeable)/ deductible items and other adjustments (Note A)S$’000	115,599	222,857	161,485	196,355	PDF p. 124
Amount available for distributionS$’000	370,067	406,397	370,067	406,397	PDF p. 124
Amount available for distribution to Unitholders at beginning of the yearS$’000	99,868	111,214	99,868	111,214	PDF p. 124
Represented by
SubtotalS$’000	469,935	517,611	469,935	517,611	PDF p. 124
Distribution to Unitholders
Distribution of 1.955 cents per unit for the period from 1 January 2025 to 31 March 2025S$’000	(99,055)	–	(99,055)	–	PDF p. 124
Distribution of 1.812 cents per unit for the period from 1 April 2025 to 30 June 2025S$’000	(91,961)	–	(91,961)	–	PDF p. 124
Distribution of 1.815 cents per unit for the period from 1 July 2025 to 30 September 2025S$’000	(92,455)	–	(92,455)	–	PDF p. 124
Distribution of 1.816 cents per unit for the period from 1 October 2025 to 31 December 2025S$’000	(92,664)	–	(92,664)	–	PDF p. 124
Distribution of 2.211 cents per unit for the period from 1 January 2024 to 31 March 2024S$’000	–	(110,417)	–	(110,417)	PDF p. 124
Distribution of 2.068 cents per unit for the period from 1 April 2024 to 30 June 2024S$’000	–	(103,730)	–	(103,730)	PDF p. 124
Distribution of 2.027 cents per unit for the period from 1 July 2024 to 30 September 2024S$’000	–	(102,287)	–	(102,287)	PDF p. 124
Distribution of 2.003 cents per unit for the period from 1 October 2024 to 31 December 2024S$’000	–	(101,309)	–	(101,309)	PDF p. 124
Total Unitholders’ distribution (including capital return)S$’000	(376,135)	(417,743)	(376,135)	(417,743)	PDF p. 124
Amount available for distribution to Unitholders at end of the yearS$’000	93,800	99,868	93,800	99,868	PDF p. 124
Distribution per unit (cents)cents per unit	7.262	8.053	7.262	8.053	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Key Financial Metrics and Indicators

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Key Financial Metrics and Indicators from Annual report
Metric / unit	2026As at 31 March 2026	2025As at 31 March 2025	Source
Key Financial Metrics and Indicators
Total borrowings, excluding lease liabilitiesS$million	5,489.3	5,581.9	PDF p. 45
Total deferred considerationS$million	5.6	9.4	PDF p. 45
Total assetsS$million	13,694.6	13,892.9	PDF p. 45
Aggregate leverage%	40.6	40.7	PDF p. 45
Average debt durationyears	3.6	3.8	PDF p. 45
Unencumbered assets as % of total assets%	92.6	93.5	PDF p. 45
Average cost of debt%	2.6	2.7	PDF p. 45
EBITDAS$million	508.1	520.7	PDF p. 45
Interest expensesS$million	174.9	156.5	PDF p. 45
Interest cover ratio (“ICR”)times	2.9	2.9	PDF p. 45

Definitions & sources

Original report: PDF p. 45 ↗

Footnote (1): for aggregate leverage computation, total borrowing including lease liabilities is S$5,537.5 million and S$5,631.8 million as at 31 March 2026 and 31 March 2025, respectively. Footnote (2): as per the Property Funds Appendix, aggregate leverage includes proportionate share of borrowings and deposited property values of joint ventures as well as lease liabilities entered into in the ordinary course of MLT's business on or after 1 April 2019 in accordance with MAS guidance. Footnote (3): ICR is based on trailing 12 months financial results (including perpetual securities distribution), in accordance with MAS guidance effective 28 November 2024. The two debt-to-NAV ratio values are stated for 31 March 2026 only.

Debt to NAV ratios

2 metrics

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Debt to NAV ratios from Annual report
Metric / unit	2026As at 31 March 2026	Source
Key Financial Metrics and Indicators
Total debt (including perpetual securities) to NAV ratio%	85.9	PDF p. 45
Total debt (including perpetual securities) less cash and cash equivalent to NAV ratio%	85.7	PDF p. 45

Definitions & sources

Original report: PDF p. 45 ↗

Ratios in narrative are disclosed for 31 March 2026 only.

Statements of Movements in Unitholders’ Funds — MLT — year ended 31 March 2026

7 metrics

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Statements of Movements in Unitholders’ Funds — MLT — year ended 31 March 2026 from Annual report
Metric / unit	2026MLT; Units in issue (S$’000)	2026MLT; Retained earnings (S$’000)	2026MLT; Total Unitholders’ funds (S$’000)	2026MLT; Perpetual securities (S$’000)	2026MLT; Total (S$’000)	Source
At 1 April 2025S$’000	4,865,918	(376,916)	4,489,002	582,399	5,071,401	PDF p. 130
Profit for the yearS$’000	–	208,582	208,582	22,641	231,223	PDF p. 130
Contributions by and distributions to equity holders; New units issued and to be issued arising from
Settlement of management feesS$’000	78,360	–	78,360	–	78,360	PDF p. 130
Contributions by and distributions to equity holders
Distributions to unitholdersS$’000	(135,384)	(240,751)	(376,135)	–	(376,135)	PDF p. 130
Distribution to perpetual securities holdersS$’000	–	–	–	(22,641)	(22,641)	PDF p. 130
Total contributions by and distributions to equity holdersS$’000	(57,024)	(240,751)	(297,775)	(22,641)	(320,416)	PDF p. 130
At 31 March 2026S$’000	4,808,894	(409,085)	4,399,809	582,399	4,982,208	PDF p. 130

Definitions & sources

Original report: PDF p. 130 ↗

Statements of Movements in Unitholders’ Funds — MLT — year ended 31 March 2025

13 metrics

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Statements of Movements in Unitholders’ Funds — MLT — year ended 31 March 2025 from Annual report
Metric / unit	2025MLT; Units in issue (S$’000)	2025MLT; Retained earnings (S$’000)	2025MLT; Total Unitholders’ funds (S$’000)	2025MLT; Perpetual securities (S$’000)	2025MLT; Total (S$’000)	Source
At 1 April 2024S$’000	4,944,178	(343,329)	4,600,849	581,545	5,182,394	PDF p. 131
Profit for the yearS$’000	–	210,042	210,042	24,231	234,273	PDF p. 131
Contributions by and distributions to equity holders; New units issued arising from
Distribution Reinvestment PlanS$’000	40,626	–	40,626	–	40,626	PDF p. 131
Settlement of management feesS$’000	56,335	–	56,335	–	56,335	PDF p. 131
Settlement of acquisition feesS$’000	1,141	–	1,141	–	1,141	PDF p. 131
Contributions by and distributions to equity holders
Distributions to unitholdersS$’000	(175,981)	(241,762)	(417,743)	–	(417,743)	PDF p. 131
Issue of new perpetual securitiesS$’000	–	–	–	180,000	180,000	PDF p. 131
Redemption of perpetual securitiesS$’000	–	–	–	(180,000)	(180,000)	PDF p. 131
Distribution to perpetual securities holdersS$’000	–	–	–	(23,568)	(23,568)	PDF p. 131
Issues expensesS$’000	(381)	–	(381)	(1,676)	(2,057)	PDF p. 131
Total contributions by and distributions to equity holdersS$’000	(78,260)	(241,762)	(320,022)	(25,244)	(345,266)	PDF p. 131
Transfer to revenue reserveS$’000	–	(1,867)	(1,867)	1,867	–	PDF p. 131
At 31 March 2025S$’000	4,865,918	(376,916)	4,489,002	582,399	5,071,401	PDF p. 131

Definitions & sources

Original report: PDF p. 131 ↗

Five-year financial highlights — Gross Revenue

1 metrics

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Five-year financial highlights — Gross Revenue from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Gross RevenueS$ million	708.3	727.0	733.9	730.6	678.6	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

Five-year financial highlights — Net Property Income

1 metrics

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Five-year financial highlights — Net Property Income from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Net Property IncomeS$ million	610.2	625.3	634.9	634.8	592.1	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

Five-year financial highlights — Amount Distributable to Unitholders

1 metrics

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Five-year financial highlights — Amount Distributable to Unitholders from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Amount Distributable to UnitholdersS$ million	370.1	406.4	447.1	432.9	390.7	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

1 This includes distribution of divestment gains of S$27.0 million.

2 This includes distribution of divestment gains of S$41.6 million.

3 This includes distribution of divestment gains of S$6.5 million.

4 This includes distribution of divestment gains of S$7.2 million.

Five-year financial highlights — Distribution Per Unit (“DPU”)

1 metrics

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Five-year financial highlights — Distribution Per Unit (“DPU”) from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Distribution Per Unit (“DPU”)Singapore cents per unit	7.262	8.053	9.003	9.011	8.787	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

Five-year financial highlights — Assets Under Management (“AUM”)

1 metrics

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Five-year financial highlights — Assets Under Management (“AUM”) from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Assets Under Management (“AUM”)S$ billion	13.1	13.3	13.2	12.8	13.1	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

5 Includes the right-of-use assets with the adoption of SFRS(I) 16.

Five-year financial highlights — Net Asset Value (“NAV”) Per Unit

1 metrics

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Five-year financial highlights — Net Asset Value (“NAV”) Per Unit from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Financial Highlights
Net Asset Value (“NAV”) Per UnitS$ per unit	1.26	1.31	1.38	1.44	1.48	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

Five-year financial summary

9 metrics

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Five-year financial summary from Annual report
Metric / unit	2026FY25/26	2025FY24/25	2024FY23/24	2023FY22/23	2022FY21/22	Source
Statement of Financial Position Highlights
Total AssetsS$ million	13,694.6	13,892.9	13,812.3	13,423.2	13,689.8	PDF p. 7
Total BorrowingsS$ million	5,489.3	5,581.9	5,309.6	4,877.4	4,958.2	PDF p. 7
Perpetual SecuritiesS$ million	582.4	582.4	581.5	581.5	581.5	PDF p. 7
Unitholders’ FundsS$ million	6,471.6	6,638.8	6,884.8	6,926.9	7,069.4	PDF p. 7
Market CapitalisationS$ million	5,877.5	6,637.4	7,291.2	8,235.4	8,848.0	PDF p. 7
Key Financial Indicators
Aggregate Leverage (%)%	40.6	40.7	38.9	36.8	36.8	PDF p. 7
Interest Cover Ratio (times)times	2.9	2.9	3.1	3.5	4.2	PDF p. 7
Average Cost of Debt (%)%	2.6	2.7	2.5	2.5	2.2	PDF p. 7
Statement of Financial Position Highlights
Average Debt Maturity (years)years	3.6	3.8	3.8	3.8	3.8	PDF p. 7

Definitions & sources

Original report: PDF p. 7 ↗

6 This took into account the issuance of S$400.0 million 3.725% perpetual securities on 2 November 2021 and redemption of S$250.0 million 4.18% perpetual securities on 25 November 2021.

7 This took into account the issuance of S$180.0 million 4.30% perpetual securities on 15 August 2024 and redemption of S$180.0 million 5.2074% perpetual securities on 28 September 2024.

8 On 2 December 2021, 212,766,000 units in MLT were issued via private placement exercise which raised gross proceeds of S$400.0 million. On 22 December 2021, 159,109,907 units in MLT were issued via preferential offering exercise which raised gross proceeds of S$292.8 million. The total gross proceeds of S$692.8 million were utilised to partially fund the acquisitions of 13 properties in China, three properties in Vietnam and one property in Japan. In addition, on 20 January 2022, a total of 106,382,979 Consideration Units worth S$200.0 million were issued to a wholly owned subsidiary of Mapletree Investments Pte Ltd. as partial consideration in relation to the acquisitions of 12 properties in China.

9 On 11 April 2023, 121,285,000 units in MLT were issued via private placement exercise which raised gross proceeds of S$200.0 million. This amount was used to repay existing debts and partially fund the acquisitions of six logistics properties in Japan, one logistics property each in South Korea and Australia.

10 Based on the closing unit prices of S$1.85 on 31 March 2022, S$1.71 on 31 March 2023, S$1.46 on 28 March 2024, S$1.31 on 28 March 2025 and S$1.15 on 31 March 2026.

11 As per Code on Collective Investment Schemes (“CIS Code”), the aggregate leverage includes lease liabilities that are entered into in the ordinary course of MLT's business on or after 1 April 2019 in accordance to the Monetary Authority of Singapore (“MAS”) guidance.

12 Total debt (including perpetual securities) to net asset value ratio and total debt (including perpetual securities) less cash and cash equivalent to net asset value ratio as at 31 March 2026 were 85.9% and 85.7% respectively.

13 The Interest Cover Ratio is based on a trailing 12 months’ financial results (including perpetual securities distribution), in accordance with the MAS revised CIS Code with effect from 28 November 2024.

Financial Review and Capital Management — Distribution and DPU comparison

12 metrics

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Financial Review and Capital Management — Distribution and DPU comparison from Annual report
Metric / unit	2026FY25/26; source column unit S$’000	2025FY24/25; source column unit S$’000	2026Variance (%)	Source
Financial Performance
Gross revenueS$’000	708,274	727,026	(2.6)	PDF p. 40
Property expensesS$’000	(98,118)	(101,733)	(3.6)	PDF p. 40
Net property incomeS$’000	610,156	625,293	(2.4)	PDF p. 40
Borrowing costsS$’000	(153,306)	(156,893)	(2.3)	PDF p. 40
Distribution and DPU comparison
Amount distributable to Unitholders of MLTS$’000	370,067	406,397	(8.9)	PDF p. 40
Available distribution per unit (Singapore cents)Singapore cents per unit	7.262	8.053	(9.8)	PDF p. 40
Excluding Divestment Gains
Adjusted amount distributable to Unitholders of MLTS$’000	370,067	379,429	(2.5)	PDF p. 40
Adjusted distribution per unit (Singapore cents)Singapore cents per unit	7.262	7.519	(3.4)	PDF p. 40
Distribution and DPU comparison
Total issued units as at end of the year (thousand)thousand units	5,110,907	5,066,733	0.9	PDF p. 40
Total operating expenses, including all fees, charges and reimbursables paid to the manager and interested partiesS$’000	200,770	206,737	(2.9)	PDF p. 40
Net assetsS$’000	7,076,920	7,246,574	(2.3)	PDF p. 40
Percentage of total operating expenses to net assets (%)%	2.8	2.9	(3.4)	PDF p. 40

Definitions & sources

Original report: PDF p. 40 ↗

1 This includes distribution of divestment gains of S$26,968,000.

2 This excludes net foreign exchange gain/loss, borrowing costs and other trust income. Including the land rent expense paid during the financial year which has been classified as borrowing costs arising from the adoption of Singapore Financial Reporting Standards International (“SFRS(I)”) 16 Leases , the percentage of total operating expenses to net assets is 3.0% (FY24/25: 3.0%).

3 Net assets as at 31 March 2026 and 31 March 2025 respectively.

Where the money comes from

Segment information

By business

Reconciliation of segment assets and liabilities to consolidated totals 13 lines

Reconciliation of segment assets and liabilities to consolidated totals
Item / unit	2026Group	2025Group	Source
Segment assets reconciliation
Total segment assetsS$'000	13,088,013	13,303,142	PDF p. 231
Unallocated assets
Cash and cash equivalentsS$'000	302,270	299,011	PDF p. 231
Trade and other receivablesS$'000	23,229	30,103	PDF p. 231
Other assetsS$'000	34,127	39,086	PDF p. 231
Derivative financial instrumentsS$'000	246,958	221,525	PDF p. 231
Segment assets reconciliation
Consolidated total assetsS$'000	13,694,597	13,892,867	PDF p. 231
Segment liabilities reconciliation
Total segment liabilitiesS$'000	228,622	251,225	PDF p. 231
Unallocated liabilities
BorrowingsS$'000	5,489,280	5,581,855	PDF p. 231
Trade and other payablesS$'000	117,249	167,527	PDF p. 231
Current income tax liabilitiesS$'000	27,575	27,871	PDF p. 231
Deferred taxationS$'000	664,976	602,586	PDF p. 231
Derivative financial instrumentsS$'000	89,975	15,229	PDF p. 231
Segment liabilities reconciliation
Consolidated total liabilitiesS$'000	6,617,677	6,646,293	PDF p. 231

Notes

The revenue from external parties reported to the CODM is measured in a manner consistent with that of the Statements of Profit or Loss. The Group provides a single product/service - logistics business.

By geography

Segment Information by geography – year ended 31 March 9 lines

Segment Information by geography – year ended 31 March
Item / unit	2026Singapore	2026Hong Kong SAR	2026China	2026Japan	2026South Korea	2026Australia	2026Malaysia	2026Vietnam	2026India	2026Total	2025Singapore	2025Hong Kong SAR	2025China	2025Japan	2025South Korea	2025Australia	2025Malaysia	2025Vietnam	2025India	2025Total	Source
Performance
Gross revenueS$'000	211,521	119,953	107,119	81,545	52,788	49,703	44,333	33,326	7,986	708,274	201,149	123,708	123,524	82,051	57,150	53,153	45,122	32,903	8,266	727,026	PDF p. 229 PDF p. 230
Net property incomeS$'000	180,809	112,509	81,736	68,767	43,016	46,550	39,273	30,463	7,033	610,156	172,019	116,147	93,418	68,978	47,579	50,165	39,662	29,937	7,388	625,293	PDF p. 229 PDF p. 230
Net movement in the value of investment propertiesS$'000	9,695	(30,019)	(40,897)	39,052	14,064	14,291	16,148	22,512	3,997	48,843	(32,274)	5,239	(56,186)	30,073	(34,426)	3,940	6,040	8,618	1,364	(67,612)	PDF p. 229 PDF p. 230
Gain on disposal of a subsidiaryS$'000	–	–	45	–	–	–	–	–	–	45	–	–	515	–	–	–	–	–	–	515	PDF p. 229 PDF p. 230
Other segment items
Acquisitions of and additions to investment propertiesS$'000	73,006	1,947	7,522	5,470	1,440	12,617	5,142	2,319	56,563	166,026	175,677	4,031	11,624	4,353	2,187	8,664	166,445	79,289	1,237	453,507	PDF p. 229 PDF p. 230
Segment assets
– Investment propertiesS$'000	2,720,800	2,911,632	2,394,560	1,749,404	982,320	999,909	771,997	397,142	148,399	13,076,163	2,638,222	3,090,894	2,410,804	1,917,041	1,043,997	952,742	692,775	401,269	97,139	13,244,883	PDF p. 229 PDF p. 230
– OthersS$'000	634	55	6,987	413	1,382	471	607	972	329	11,850	193	–	6,995	463	1,009	1,240	209	1,044	4	11,157	PDF p. 229 PDF p. 230
Segment liabilities
Segment liabilitiesS$'000	110,842	20,240	22,919	28,852	16,743	1,684	8,222	13,337	5,783	228,622	120,208	22,014	29,664	31,922	17,512	1,715	8,961	14,518	4,711	251,225	PDF p. 229 PDF p. 230
Segment assets
– Investment properties held for saleS$'000											37,620	–	–	–	–	–	9,482	–	–	47,102	PDF p. 230

Notes

1 Unallocated costs include Manager’s management fees, Trustee’s fees and other trust expenses.

Cells blank in the printed table (interest income, unallocated items, profit lines etc.) are shown as empty strings; only the Total column is printed. Single business segment (logistics properties); geographic segments are the reportable segments. Interest income and finance expenses are not allocated to segments.

Cells blank in the printed table are shown as empty strings; only the Total column is printed for those lines.

Debt

Borrowings

Note 26(c) Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities (Group, 31 March

Note 26(c) Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities (Group, 31 March — Group
Item / unit	2026Less than 1 year, S$'000	2026Between 1 and 2 years, S$'000	2026Between 2 and 5 years, S$'000	2026Over 5 years, S$'000	2025Less than 1 year, S$'000	2025Between 1 and 2 years, S$'000	2025Between 2 and 5 years, S$'000	2025Over 5 years, S$'000	Source
Financial liabilities, at amortised cost
Lease liabilitiesS$'000	9,134	8,622	25,410	79,609	11,327	9,662	27,315	93,143	PDF p. 222 PDF p. 223
BorrowingsS$'000	249,601	999,158	3,579,252	1,255,000	567,529	881,613	3,426,933	1,405,947	PDF p. 222 PDF p. 223

Notes

Contractual undiscounted cash flows (include interest).

Contractual undiscounted cash flows.

Borrowing notes 5 tables

Borrowings (Group and MLT)

Borrowings (Group and MLT)
Item / unit	2026Group, S$'000	2025Group, S$'000	2026MLT, S$'000	2025MLT, S$'000	Source
Current
Revolving credit facilitiesS$'000	89,064	72,064	–	–	PDF p. 200
Term loansS$'000	–	301,705	–	–	PDF p. 200
Lease liabilitiesS$'000	5,852	7,738	5,672	7,001	PDF p. 200
Non-current
Term loansS$'000	1,799,768	1,967,961	–	–	PDF p. 200
Revolving credit facilitiesS$'000	2,689,657	2,398,809	–	–	PDF p. 200
Notes payableS$'000	910,791	841,316	–	–	PDF p. 200
Loans from a subsidiaryS$'000	–	–	3,390,005	3,342,108	PDF p. 200
Lease liabilitiesS$'000	75,580	80,057	66,551	70,644	PDF p. 200
Total
Total borrowingsS$'000	5,489,280	5,581,855	3,390,005	3,342,108	PDF p. 200
Total lease liabilitiesS$'000	81,432	87,795	72,223	77,645	PDF p. 200

Notes

Subtotals printed: current borrowings 89,064/373,769; current incl. leases 94,916/381,507 (Group), 5,672/7,001 (MLT); non-current borrowings 5,400,216/5,208,086, 3,390,005/3,342,108; non-current incl. leases 5,475,796/5,288,143, 3,456,556/3,412,752.

Except for listed secured borrowings, all other borrowings are unsecured. Current borrowings weighted average maturity approx 11 months (2025: 9 months). Non-current term loans, RCFs and notes mature 2027 to 2035 (2025: 2026 to 2033). Loans from subsidiary repayable on mutually agreed date; lender agreed not to demand repayment within 12 months.

Secured borrowings

Secured borrowings — Group
Item / unit	2026S$'000	2025S$'000	Source
Secured
Term loans (non-current)S$'000	21,579	–	PDF p. 200
Notes payable (non-current)S$'000	447,908	427,337	PDF p. 200

Notes

Secured over certain investment properties and investment properties held for sale (Note 14(a) and Note 15); all other borrowings unsecured. Green and sustainability-linked financing S$1,528,863,000 (2025: S$1,328,662,000).

Note 20(c) Weighted average effective interest rates of borrowings

Note 20(c) Weighted average effective interest rates of borrowings
Item / unit	2026Group, %	2025Group, %	2026MLT, %	2025MLT, %	Source
Interest rates
Term loans (current)%	–	2.60	–	–	PDF p. 201
Term loans (non-current)%	2.31	2.26	–	–	PDF p. 201
Revolving credit facilities (current)%	4.66	3.52	–	–	PDF p. 201
Revolving credit facilities (non-current)%	2.79	2.99	–	–	PDF p. 201
Notes payable (non-current)%	3.02	2.94	–	–	PDF p. 201
Loans from a subsidiary%	–	–	2.70	2.82	PDF p. 201

Note 20(e) Fixed rate non-current borrowings: carrying amounts and fair values

Note 20(e) Fixed rate non-current borrowings: carrying amounts and fair values
Item / unit	2026Carrying amounts, S$'000	2025Carrying amounts, S$'000	2026Fair values, S$'000	2025Fair values, S$'000	Source
Group
Notes payable (non-current)S$'000	846,524	769,171	842,870	755,502	PDF p. 202
Term loans (non-current)S$'000	208,866	295,280	191,874	289,300	PDF p. 202
MLT
Loans from a subsidiaryS$'000	462,882	474,789	451,919	465,591	PDF p. 202

Key debt metrics (Capital Management)

Key debt metrics (Capital Management)
Item / unit	2026As at 31 March 2026	2025As at 31 March 2025	Source
Key Financial Metrics
Total borrowings, excluding lease liabilities (S$million)S$million	5,489.3	5,581.9	PDF p. 45
Average debt duration (years)years	3.6	3.8	PDF p. 45
Average cost of debt%	2.6	2.7	PDF p. 45

Notes

Average cost of debt columns are FY25/26 and FY24/25. Debt Maturity Profile bar chart (FY26/27 to FY33/34 and beyond) on page 45 is graphical; percentages not reliably alignable to years, so not tabulated.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Distribution policy	MLT’s distribution policy is to distribute at least 90% of its taxable income, comprising substantially its income from the letting of its properties and related property services income after deduction of allowable expenses and allowances, and of its tax-exempt income (if any). Distributions, when paid, will be in Singapore Dollar.	MLT	PDF p. 186

Dividends declared and proposed

Item	Value	Period / scope	Source
Distribution per unit (cents)	7.262 cents per unit	Group and MLT, FY2025/26 (year ended 31 March 2026)	PDF p. 124
Distribution per unit (cents)	8.053 cents per unit	Group and MLT, FY2024/25 (year ended 31 March 2025), comparative	PDF p. 124
Distribution of 1.955 cents per unit for the period	1.955 cents per unit	Period 1 January 2025 to 31 March 2025, paid in FY25/26	PDF p. 124
Distribution of 1.812 cents per unit for the period	1.812 cents per unit	Period 1 April 2025 to 30 June 2025	PDF p. 124
Distribution of 1.815 cents per unit for the period	1.815 cents per unit	Period 1 July 2025 to 30 September 2025	PDF p. 124
Distribution of 1.816 cents per unit for the period	1.816 cents per unit	Period 1 October 2025 to 31 December 2025	PDF p. 124
Distribution of 2.211 cents per unit for the period	2.211 cents per unit	Comparative: period 1 January 2024 to 31 March 2024	PDF p. 124
Distribution of 2.068 cents per unit for the period	2.068 cents per unit	Comparative: period 1 April 2024 to 30 June 2024	PDF p. 124
Distribution of 2.027 cents per unit for the period	2.027 cents per unit	Comparative: period 1 July 2024 to 30 September 2024	PDF p. 124
Distribution of 2.003 cents per unit for the period	2.003 cents per unit	Comparative: period 1 October 2024 to 31 December 2024	PDF p. 124
Distribution Reinvestment Plan	MLT reimplemented Distribution Reinvestment Plan in 2024 whereby Unitholders have an option to	Group and MLT	PDF p. 209

Payout

Item	Value	Period / scope	Source
Adjusted distribution per unit (Singapore cents)	7.262 Singapore cents	FY25/26 (comparative FY24/25: 7.519; variance (3.4)%)	PDF p. 40

Extracted from Annual report and checked against the cited pages; see the original report for full context.

REIT, bank & sector ratios

Key metrics

REIT metrics

Item	Value	Period / scope	Source
Aggregate leverage	40.6%	Group, as at 31 March 2026 (comparative 31 March 2025: 40.7%) · As at 2026-03-31	PDF p. 45
Interest cover ratio (“ICR”) (times)	2.9 times	FY25/26 (comparative FY24/25: 2.9)	PDF p. 45
Average cost of debt	2.6%	FY25/26 (comparative FY24/25: 2.7%)	PDF p. 45
Average debt duration (years)	3.6 years	As at 31 March 2026 (comparative 31 March 2025: 3.8) · As at 2026-03-31	PDF p. 45
Portfolio Occupancy	96.9%	Portfolio, FY25/26 (as at 31 March 2026)	PDF p. 5
Weighted Average Lease Expiry (by net lettable area)	2.5 years	Portfolio, FY25/26	PDF p. 5
total valuation of MLT’s portfolio	S$13,076.2 million	175 properties as at 31 March 2026 (previous valuation S$13,292.0 million, a 1.6% decrease) · As at 2026-03-31	PDF p. 44
NAV attributable to Unitholders per Unit (S$)	1.26 S$	Group, as at 31 March 2026 (comparative 31 March 2025: 1.31; variance (3.7)%) · As at 2026-03-31	PDF p. 44

Extracted from Annual report and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	KPMG LLP	Group and Trust, year ended 31 March 2026	PDF p. 120
Engagement partner	Tan Kar Yee, Linda	Group and Trust, year ended 31 March 2026	PDF p. 120
Opinion	present fairly, in all material respects	Group and Trust, year ended 31 March 2026	PDF p. 117

Key audit matters

Item	Value	Period / scope	Source
Valuation of investment properties	As at 31 March 2026, the carrying value of the Group’s investment properties of S$13.1 billion accounted for 95.5% of the Group’s total assets.	Group · As at 2026-03-31	PDF p. 118

Extracted from Annual report and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual report, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.