Higher rents beef up MIT's Q4 DPU
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Singapore
HIGHER rental rates as well as revenue contributions from the first phase of a build-to-suit project for Hewlett-Packard Singapore helped to bolster Mapletree Industrial Trust's (MIT) results for its fourth quarter ended March 31, 2017.
MIT reported a distribution per unit (DPU) of 2.88 Singapore cents for the quarter under review, up from 2.81 cents from a year ago, or a 2.5 per cent increase.
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