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Mapletree Industrial Trust posts 8.8% jump in Q1 DPU

The Signature, an office building owned by Mapletree Industrial Trust, stands in Changi Business Park in Singapore.

MAPLETREE Industrial Trust's distribution per unit (DPU) for the first quarter ended June 30, 2015, jumped 8.8 per cent to 2.73 Singapore cents, from 2.51 Singapore cents in the year-ago period.

Gross revenue rose 4.1 per cent to S$81.6 million on the back of higher rental rates across all property segments and improved occupancy in key property segments, the Reit said in a statement on Tuesday.

"The growth in distributable income and DPU were also boosted by contribution from the build-to-suit data centre for Equinix. We will continue to focus on growing the Hi-Tech Buildings segment to improve the profile of the portfolio," said Tham Kuo Wei, chief executive of Mapletree Industrial Trust Management, the Reit's manager.

Net property income increased 6.2 per cent to S$60.2 million, from S$57.8 million in the year-ago period.

Unitholders can expect to receive their quarterly DPU for the period under review in cash or distribution reinvestment plan units on Sept 3.

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The counter closed unchanged at S$1.56 on Tuesday.

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