Higher rentals, occupancies boost Mapletree Industrial's Q4 DPU

Singapore

MAPLETREE Industrial Trust on Tuesday reported a distribution per unit of 2.65 Singapore cents for its fourth quarter ended March 31, 2015.

This was 5.6 per cent higher than the 2.51 Singapore cents it paid out a year ago.

Gross revenue rose 5.6 per cent to S$79.4 million, due mainly to higher rental rates and occupancies achieved in its hi-tech buildings, business parks, and light industrial buildings, as well as revenue contribution from the acquisition of 2A Changi North Street 2 and the completion of the b…