Mapletree industrial REIT achieves 2.5% DPU growth for 1Q FY17/18


Mapletree Industrial Trust has achieved a distribution per unit (DPU) of 2.92 Singapore cents for its 1Q FY17/18, up 2.5% year-on-year from the 2.85 cents recorded in the corresponding period of the previous financial year.

Gross revenue and net property income (NPI) for the period increased by 1.1% and 3.4% year-on-year to SGD88.8 million (USD65.2 million) and SGD68.1 million respectively.

Meanwhile distributable income for the quarter came in at SGD52.9 million, a 2.7% year-on-year increase from the SGD51.5 million reported in 1Q FY16/17.

“The year-on-year growths in distributable income and DPU were driven mainly by revenue contribution from Phase One of the BTS [build-to-suit] development for HP”, said Tham Kuo Wei, CEO of the REIT’s manager.

“With a low aggregate leverage of 29.8% as at 30 June 2017, we have sufficient headroom to support the pursuit of investment opportunities to grow the portfolio”, he added.

To read the full article, please login or register.


Comments are closed.