Mapletree Industrial Trust achieves 12% rise in quarterly distributable income
Mapletree Industrial Trust (MIT) has achieved a 12 per cent rise in distributable income to $42.2 million for the third quarter.
The distribution per unit (DPU) for the three months to Dec 31 of 2.51 cents was 8.2 per cent higher than the corresponding period last year.
Gross revenue rose by 9.3 per cent to $75.6 million.
Chief executive Tham Kuo Wei of the reit manager said: "MIT continued to deliver growth in distributable income, driven by higher rental revenue across all property segments and improved occupancy at the flatted factories.