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Mapletree Industrial Trust declares 3Q DPU of 2.83 cents

Gwyneth Yeo
Gwyneth Yeo1/24/2017 07:29 PM GMT+08  • 2 min read
Mapletree Industrial Trust declares 3Q DPU of 2.83 cents
SINGAPORE (Jan 24): The manager of Mapletree Industrial Trust (MIT) has declared a distribution per unit (DPU) of 2.83 cents for the 3Q ended Dec 2016, 0.4% higher than its DPU of 2.82 cents a year ago.
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SINGAPORE (Jan 24): The manager of Mapletree Industrial Trust (MIT) has declared a distribution per unit (DPU) of 2.83 cents for the 3Q ended Dec 2016, 0.4% higher than its DPU of 2.82 cents a year ago.

Distributable income stood at $51.1 million, up 1.6% from $50.3 million a year ago.

Gross revenue for 3Q grew 1.4% to $84.45 million from $83.25 million in the previously, mainly driven by higher rental rates achieved across all property segments as well as revenue contribution from Phase One of the trust’s build to suit (BTS) development for Hewlett-Packard (HP).

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