MIT posts 5.6% increase in Q3 DPU

Singapore

MAPLETREE Industrial Trust (MIT) posted a distribution per unit of 2.82 cents in the third quarter, up 5.6 per cent from 2.67 cents a year ago.

This comes on the back of a 6.6 per cent rise in gross revenue to S$83.3 million, thanks to contribution from the build-to-suit project for Equinix Singapore, higher occupancy rates achieved across all property segments, and higher rental rates in some properties.