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Mapletree Industrial Trust reports 3QFY2022 DPU of 3.49 cents, up 6.4% y-o-y

The Edge Singapore
The Edge Singapore1/25/2022 7:42 PM GMT+08  • 1 min read
Mapletree Industrial Trust reports 3QFY2022 DPU of 3.49 cents, up 6.4% y-o-y
MIT plans to reintroduce distribution reinvestment plan for this current distribution
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Mapletree Industrial Trust has reported a distribution per unit of 3.49 cents, up 6.4% y-o-y for its 3QFY2022 ended Dec 2021.

Net property income was up 24.1% y-o-y to $122.7 million; revenue was up 31.3% to $162.4 million, due to contributions from the recently acquired portfolio of 29 data centres in the US.

Average portfolio occupancy rate for 3QFY2022 was down marginally to 93.6% from 93.7% in the preceding quarter, as MIT aggregated the 29 US data centres which had a lower average occupancy rate.

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