Mapletree Industrial Trust’s 1Q DPU rises 4.4% to 2.85 cents on higher revenue

SINGAPORE (July 26): Mapletree Industrial Trust’s (MIT’s) distribution per unit (DPU) rose 4.4% to 2.85 cents in the first quarter ended June 30, 2016, from 2.73 cents a year ago.

Revenue was up 3% to $84.1 million from $81.6 million a year ago.

In a Tuesday filing, MIT says the overall increase is attributable to higher rental rates achieved across all property segments, with average portfolio passing rent having increased to $1.92 psf/mth from $1.90 psf/mth in the preceding quarter.

---

Related Stories

• CapitaLand Ascendas REIT can weather the additional space from PDD
• FCT reports FY2024 DPU of 12.042 cents in ‘eventful year’
• PhillipCap keeps 'accumulate' call with unchanged TP of 91 cents on the Lion-Phillip S-REIT ETF

---