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Mapletree Industrial Trust posts 3.3% rise in 1Q DPU to 3.10 cents

Stanislaus Jude Chan
Stanislaus Jude Chan7/23/2019 08:41 PM GMT+08  • 2 min read
Mapletree Industrial Trust posts 3.3% rise in 1Q DPU to 3.10 cents
SINGAPORE (July 23): The manager of Mapletree Industrial Trust (MIT) has announced distribution per unit (DPU) of 3.10 cents for the 1Q19/20 ended June, some 3.3% higher than DPU of 3.00 cents a year ago, despite an enlarged unit base.
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SINGAPORE (July 23): The manager of Mapletree Industrial Trust (MIT) has announced distribution per unit (DPU) of 3.10 cents for the 1Q19/20 ended June, some 3.3% higher than DPU of 3.00 cents a year ago, despite an enlarged unit base.

Distributable income for 1Q19/20 grew 11.1% to $63.2 million, driven by higher net property income and income contribution from MIT’s 40% interest in the portfolio of 14 data centres in the US.

1Q19/20 gross revenue rose 8.8% to $99.6 million, from $91.5 million a year ago. The increase was mainly due to new revenue contributions from 18 Tai Seng, 30A Kallang Place, and Mapletree Sunview 1.

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