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Mapletree Industrial announces 1.4% rise in 2Q DPU to 2.83 cents, aided by lower expenses

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Mapletree Industrial announces 1.4% rise in 2Q DPU to 2.83 cents, aided by lower expenses

PC Lee Published on Tue, Oct 25, 2016 / 8:52 AM GMT+8

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SINGAPORE (Oct 25): The manager of Mapletree Industrial Trust (MIT) has declared a DPU of 2.83 cents for 2Q ended Sept, 1.4% higher than a year ago, thanks to a steeper fall in expenses.

Gross revenue in 2Q rose 1.8% to $84.2 million, lifted by higher rental rates secured across all property segments and higher occupancy achieved at hi-tech buildings.

Property expenses fell 5.2% to $20.6 million.