Corporate digest

Mapletree Industrial Trust

MAPLETREE Industrial Trust's distribution per unit rose 6.6 per cent to 3.07 Singapore cents for the third quarter ended Dec 31, 2018, up from 2.88 Singapore cents for the year-ago period. The distribution is expected to be paid by March 8. Distributable income for the quarter rose 9 per cent to S$58.3 million. Net property income was S$71.9 million, up 1.4 per cent from the year-ago period.

At Tuesday's extraordinary general meeting, the Reit gained unitholders' approval for its proposed acquisition of 18 Tai Seng from its sponsor Mapletree Investments, at an agreed property value of S$268.3 million.