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Mapletree Industrial Trust posts 11.9% higher DPU for 2Q21/22, driven by contributions from US portfolio acquisition

Khairani Afifi Noordin
Khairani Afifi Noordin10/26/2021 8:21 PM GMT+08  • 3 min read
Mapletree Industrial Trust posts 11.9% higher DPU for 2Q21/22, driven by contributions from US portfolio acquisition
Gross revenue and net property income grew by 50.5% and 47.4% y-o-y to $155.6 million and $120.3 million respectively.
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The manager of Mapletree Industrial Trust (MINT) has announced a distribution per unit (DPU) of 3.47 cents for the 2QFY2021/22 ended September, 11.9% higher y-o-y.

Gross revenue and net property income grew by 50.5% and 47.4% y-o-y to $155.6 million and $120.3 million respectively.

The strong performance was primarily driven by the consolidation of revenue and expenses from the 14 data centres in the US, as well as contributions from the US portfolio acquisition and 8011 Villa Park Drive, Richmond, Virginia.

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