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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook