MIT's DPU down 7.5% at 2.85 S cents for Q4; S$6.6m withheld because of virus uncertainty

Singapore

MAPLETREE Industrial Trust's (MIT) distribution per unit (DPU) stood at 2.85 Singapore cents for the fourth quarter ended March 31, down 7.5 per cent from 3.08 cents a year ago.

Distributable income rose 15.4 per cent to S$69.15 million, while gross revenue rose 3 per cent to S$101.8 million. Net property income increased 3.2 per cent to S$78.26 million for the fourth quarter.