Data from Mapletree Industrial Trust’s latest disclosure have been updated into the Singapore REITs table.
Mapletree Industrial Trust (MIT) reported on 27 July that its distribution per unit (DPU) for 1QFY21/22 has increased by 16.7% to 3.35 cents from 2.87 cents in the corresponding period of the previous financial year.
The REIT’s gross revenue and net property income for 1QFY21/22 increased by 29.2% and 33.1% year- on-year to SGD128.1 million and SGD104.7 million respectively.
MIT has attributed the results mainly to the consolidation of revenue and expenses from the 14 data centres in the United States.
The contribution from the recent acquisition of 8011 Villa Park Drive, Richmond, Virginia as well as the absence of rental reliefs provided to tenants in 1QFY21/22, also bolstered the quarter’s results, said the REIT.
Accordingly, the amount available for distribution to unitholders for 1QFY21/22 grew 17.2% year-on-year to SGD82.7 million.
The REIT’s full disclosure on the results can be viewed here.
MIT was last done on the Singapore Exchange at SGD2.88, which currently implies a distribution yield of 4.65% according to data compiled on the Singapore REITs table.