Mapletree Industrial Trust achieves 9% rise in distributable income for Q1
Mapletree Industrial Trust has achieved a 9 per cent increase in distributable income to $40.2 million in the first quarter.
Distribution per unit (DPU) for the three months to June 30 was 7.5 per cent higher at 2.43 cents,
Unitholders can expect their quarterly DPU by Sept 4.
The improved performance was due to higher rental rates secured across all property segments and higher occupancies in the flatted factories, business park buildings and hi-tech buildings.