Mapletree Industrial Trust (MAPIF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. We are broadcasting live from MIT's newest redevelopment project, Maple Tree High Tech Park at Kowloon Way. We embarked on this redevelopment project in July 2019, way before COVID, and are pleased to announce that the final block received its completion certification in March. My name is Melissa from the IR team, and today we have Guo Wei, our CEO, Lily, our CFO, Serene next to me, Head of Asset Management, and Kim, the Head of Marketing. We will be using the slides that were uploaded last evening. Without further ado, I'll pass on the mic to Guo Wei, who will give an update of MIT's 4Q and 4U results. Hello. Good morning. This is a virtual pass. She did not actually pass the mic to me. I'm happy that all of you could join us. You can hear a lot of echo. This is to showcase how large our space is. This is a new facility. As what Melissa mentioned, we just obtained temporary occupation permit in February and March for the two blocks respectively. So we're talking about very large floor space of about 37,000 square feet per floor. And this echo you hear is an indication of the kind of span and space that we can offer. And for the financial year, as what Melissa mentioned, we have uploaded the deck of slides last evening. We'll go through the usual segments. Let's see whether my lightsaber works. The five usual segments, we talked a little bit about the highlights, then we'll give an overview on the financial performance, then we update the portfolio information, give you a snapshot of our investment update, and also we talked a little bit about the outlook and strategy. Going on to the highlights, you would see from the top line perspective, the first set of bullet points, property income and even distributable income, we have seen meaningful increases. ...