SINGAPORE (July 24): The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago.

Gross revenue grew 3% to $91.5 million from $88.8 million previously due to revenue contribution from Phase Two of the build-to-suit (BTS) project for HP Singapore and pre-termination compensation received from HGST Singapore.

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