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Higher rental rates boost MIT's Q1 DPU

MAPLETREE Industrial Trust (MIT) yesterday posted a distribution per unit (DPU) of 2.51 Singapore cents for its first quarter ended June 30, a 3.3 per cent increase from a year ago. This came on the back of a 6.3 per cent increase in distributable income to S$42.8 million for the quarter. Tham