SINGAPORE (Apr 27): The manager of Mapletree Industrial Trust (MINT) has reported a distribution per unit (DPU) of 2.85 cents for the 4QFY19/20 ended March, down 7.5% y-o-y. This brings the REIT’s full-year DPU to 12.24 cents, up 0.7% y-o-y, with growth coming from the 13 newly-acquired data centres in North America via a joint venture.

Amount distributable to unitholders grew 15.4% y-o-y to $69.2 million for 4QFY19/20. Tax-exempt income amounting to $6.6 million, equivalent to DPU of 0.30 cents, has been withheld in 4QFY19/20 for the Trust to have greater flexibility managing its cash in the current FY20/21, says Tham Kuo Wei, CEO of MINT's manager.

Gross revenue for the quarter saw a 3.0% increase to $101.8 million, from $98.8 million in the corresponding quarter last year, due to contributions from acquisitions and development projects.

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