You are here

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

BT_20200428_VIMIT28OXTW_4101687.jpg
The trust manager says its large, diversified tenant base with low dependence on any single tenant or trade sector will continue to underpin its portfolio resilience.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes