Mapletree Industrial Trust Q3 DPU up 6.4% at 3.49 Singapore cents
MIT will continue to strengthen portfolio through strategic acquisitions and developments, says manager
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Singapore
MAPLETREE Industrial Trust's (MIT) third-quarter distribution per unit (DPU) rose from 3.28 Singapore cents a year ago to 3.49 cents on an enlarged unit base, which resulted from the equity fundraising exercise in Q1.
Income distributable to unitholders grew 10.4 per cent to S$89.5 million for the 3 months to Dec 31, following a boost in revenue from assets in the US.
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