MIT's DPU down 7.4% for Q1; S$7.1m withheld due to virus worries

Singapore

MAPLETREE Industrial Trust's (MIT) distribution per unit (DPU) stood at 2.87 Singapore cents for the first quarter ended June 30, down from 3.1 cents a year ago.

This is despite distributable income rising 11.6 per cent to S$70.6 million on the back of higher net property income and distributions declared by joint ventures, partially offset by higher manager's management fees.