Mapletree Industrial's Q1 DPU rises to 2.92 Singapore cents
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
REVENUE contribution from Phase One of the build-to-suit development for Hewlett-Packard Singapore gave a lift to industrial landlord Mapletree Industrial Trust's (MIT) first quarter results.
Distribution per unit (DPU) edged up to 2.92 Singapore cents from 2.85 Singapore cents in the previous year, the group said in a Singapore Exchange filing on Tuesday evening.
That came as Q1 income available for distribution increased 2.7 per cent to S$52.9 million from the previous year.
For the three months ended June 30, gross revenue increased 5.6 per cent to S$88.8 million from the previous year.
Net property income grew 6.9 per cent to S$68.2 million from the year-ago period.
Its portfolio covers industrial properties in Singapore such as flatted factories, hi-tech buildings and business parks.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
MIT units ended S$0.005 or 0.3 per cent lower at S$1.88 on Tuesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
