Mapletree Industrial Trust's Q4 DPU up at 2.51 cents

MAPLETREE Industrial Trust yesterday posted a distribution per unit of 2.51 cents for its fourth quarter ended March 31, 2014, a 5.9 per cent increase from 2.37 cents a year ago.

This will be paid on June 3, 2014.

Distributable income rose 9.5 per cent to $42.6 million, while net property income rose 7.5 per cent to $53.3 million. Gross revenue rose 4.2 per cent to $75.2 million, driven by higher occupancies in flatted factories and higher rental rates secured for leases across all the property segments except business parks, the Reit said.