MIT's Q3 DPU rises 8.2% to 2.51 cents

MAPLETREE Industrial Trust's distribution per unit (DPU) rose 8.2 per cent to 2.51 cents for the third quarter ended December, from 2.32 cents a year ago.

This was on the back of distributable income rising 12 per cent, from $37.7 million to $42.2 million.

"MIT continued to deliver growth in distributable income, driven by higher rental revenue across all property segments and improved occupancy at the flatted factories," said Tham Kuo Wei, chief executive officer of Mapletree Industrial Trust Management, the manager of MIT.