The manager of Mapletree Industrial Trust (MINT) has announced distribution per unit (DPU) of 3.35 cents for the 1QFY2021/2022 ended June, 16.7% higher than DPU of 2.87 cents for the 1QFY2020/2021.

Gross revenue for the quarter rose 29.2% y-o-y to $128.1 million, while net property income (NPI) increased by 33.1% y-o-y to $104.7 million. The growth was mainly due to the consolidation of revenue and expenses from the 14 data centres in the US, the contribution from MINT’s recent acquisition of 8011 Villa Park Drive in Virginia, as well as the absence of rental reliefs provided to tenants during the 1QFY2021/2022.

Accordingly, distributable amount for the quarter stood 17.2% higher y-o-y at $82.7 million.

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