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Mapletree Industrial Trust posts 7.4% y-o-y fall in 1Q20 DPU to 2.87 cents

Felicia Tan
Felicia Tan7/21/2020 9:5 PM GMT+08  • 3 min read
Mapletree Industrial Trust posts 7.4% y-o-y fall in 1Q20 DPU to 2.87 cents
The increase in distributable income was mainly due to higher 1Q20/21 net property income (NPI), which improved marginally by 0.9% y-o-y to $78.7 million, and new contributions from the acquired 13 data centres in North America.
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SINGAPORE (July 21): The manager of Mapletree Industrial Trust (MIT) has reported a distribution per unit (DPU) of 2.87 cents for 1Q20/21 ended June 30, down 7.4% from the DPU of 3.10 cents in 1Q19/20.

Distributable income for the quarter stood at $70.6 million, up 11.6% from the previous year’s $63.2 million.

The increase in distributable income was mainly due to higher 1Q20/21 net property income (NPI), which improved marginally by 0.9% y-o-y to $78.7 million, and new contributions from the acquired 13 data centres in North America held under Mapletree Rosewood Data Centre Trust (MRDCT).

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