Strategic locations
Most of MapletreeLog's properties are strategically located within/near major industrial areas, ports or airports in major cities across Asia.
Long weighted average lease duration
As at 30 Jun 2010, the weighted average lease term to expiry (by Gross Revenue) of all the tenancies was approximately 5 years. The Trust has a balanced lease profile with longer-term leases forming the stable core and the shorter-term leases generating positive rental reversions.
Long weighted unexpired lease for underlying land
As at 30 Jun 2010, the weighted average of unexpired lease term for the underlying land of all MapletreeLog's properties remained long at approximately 165 years.
High average weighted occupancy rate in the properties
As at 30 Jun 2010, the weighted average occupancy rate of the properties was approximately 97%.
High quality customer base
The tenants of the properties include leading third party logistics service providers, such as DHL-Excel Supply Pte. Ltd., Kuehne & Nagel Pte. Ltd., KWE-Kintetsu, Menlo Worldwide Asia-Pacific Ltd., Hankyu Hanshin Holdings, Hitachi Transport, Taiun (HK) Co. Ltd., Yusen Air and Sea Service (HK) Ltd., Toll Asia, Linfox, NEC Logistics, Nichirei Kyoto, and SembCorp Logistics. Also part of our customer base are Singapore-listed companies which include Armstrong Industrial Corporation Ltd., Popular Holdings Ltd ., Singapore Petroleum Company Ltd., Toppan Leefung Pte Ltd. and Teckwah Industrial Corporation Ltd.
Diverse customer trade sectors
The customers of the properties operate in diverse trade sectors within the logistics industry. About 59% of the Trust’s gross revenue for the month ended 30 Jun 2010 is derived from third party logistics (“3PL”) customers. This is in line with our aim to grow the 3PL sectors as these are the ones with the strongest growth potential and appetite for real estate needs.