Mapletree Industrial Trust Q2 DPU up 1.4%

MAPLETREE Industrial Trust on Tuesday reported a 1.4 per cent increase in distribution per unit (DPU) to 2.83 Singapore cents for the second quarter ended Sept 30, 2016.

Gross revenue rose 1.8 per cent to S$84.2 million due mainly to higher rental rates achieved across all property segments as well as higher occupancies achieved in its high-tech buildings, while net property income rose 4.3 per cent to S$63.6 million.

Unitholders can expect to receive their quarterly DPU on Nov 28. The books closure date is on Nov 2.