MIT's DPU down 1% for Q2; rental reliefs to hit FY20/21 distributable income

Singapore

THE distribution per unit (DPU) of Mapletree Industrial Trust (MIT) fell to 3.10 Singapore cents for the second quarter ended Sept 30, from 3.13 cents a year ago.

This is despite distributable income rising 14.8 per cent to S$72.9 million on the back of higher net property income and distributions declared by joint ventures; distributable income was, however, partially offset by higher manager's management fees.